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August 23, 1996


By CBR Staff Writer

The first three Java Fund investments are start-up companies Active Software Inc (CI No 2,983), Calico Technology Inc, and Kim Polese’s Marimba Inc. Active Software, founded in 1995, is focused on extending information systems to the World Wide Web; Calico Technology is working on software to enable sales representatives to quote and order products and services and Marimba plans code for developing and deploying network-aware Java applications. Kleiner Perkins Caulfield & Byers will be the biggest investor in the $100m Java Fund, followed by Sun Microsystems Inc and with Itochu Corp, the trio will put up $50m. The other seven are investing $4m to $7m each, and the fund is hoping to support 25 to 30 Java start-ups.

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