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October 16, 1995

VENTURE FUNDING

By CBR Staff Writer

Hands-On Technology Inc, based in Burlingame, California and claiming to be the first multimedia publisher to focus exclusively on the needs of the business market, has won Ing C Olivetti & Co SpA and R R Donnelly & Sons Co as providers of venture capital. The company develops and publishes real-time insight tools designed to bring together business mentors, tools and content. Users can interact with corporate leaders to develop a customised marketing programme based on specific requirements, the company says. It is producing its first product, Crush, a real-time insight tool based on Regis McKenna’s proven competitive methodologies. The amount of cash it raised was not disclosed.

Precept Software Inc, the Cupertino software company that is the third start-up around for Judy Estrin and Bill Carrico, and was formed to develop multimedia networking software (CI No 2,679), has raised $5.5m in its second round of venture capital financing. Precept, which now has 13 employees, was formed in March to develop software that will enable existing local- and wide-area networks, including the Internet, to carry multimedia traffic. The products will be based on Internet standards, including the new Real-Time Transport Protocol developed by the Internet Engineering Task Force and will run under Windows95. Ships are set for March. The new cash comes from five investment firms: Weiss Peck & Greer Venture Capital, Foundation Capital, Kleiner Perkins Caufield & Byers, Morgan Stanley & Co and Sequoia Capital. The first financing round, completed in June, raised $900,000 from Weiss Peck & Greer and private investors.

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