The Global Security Challenge (GSC) is proud to announce that our finalists and winners from the last two annual competitions have subsequently raised $19.6 million in new venture capital, grants and angel investments. This is in addition to the important grant that TSWG of the US Government awarded last year’s winning entrepreneurs.
Our top-selected startups also have secured large contracts with government clients, such as the US Department of Energy, the US Navy and the US Department of Defense, and with industry behemoths, such as Siemens and Bayer AG from Germany.
There is clearly the potential for a company to accelerate it’s growth timeline via involvement in the GSC. The success of our entrants validates our global competition. Two recent examples illustrate this intricate relationship between the Global Security Challenge and “our” startups.
Vumii – a video surveillance software and finalist of 2006 raised $3.9m in funding last year and contributed a lot of its success to the GSC. The CEO of Vumii, Randal Foster confirms this by saying: “As a direct result from our participation in the GSC, Vumii acquired increased global credibility and benefited from greater global brand recognition from the investment community, security solution community, and potential employee population."
As reported in the press, the GSC winner of 2007, NoblePeak Vision, announced last week that they raised $12 million in a funding round, led by Chart Venture Partners of New York. With Matt McCooe from Chart Venture Partners being an active supporter of the GSC for years, we are extremely pleased about this startup-investor match. (Picture below shows Matt McCooe on the left as a panelist at last year’s GSC conference in London)
Our top-selected startups also have secured large contracts with government clients, such as the US Department of Energy, the US Navy and the US Department of Defense, and with industry behemoths, such as Siemens and Bayer AG from Germany.
There is clearly the potential for a company to accelerate it’s growth timeline via involvement in the GSC. The success of our entrants validates our global competition. Two recent examples illustrate this intricate relationship between the Global Security Challenge and “our” startups.
Vumii – a video surveillance software and finalist of 2006 raised $3.9m in funding last year and contributed a lot of its success to the GSC. The CEO of Vumii, Randal Foster confirms this by saying: “As a direct result from our participation in the GSC, Vumii acquired increased global credibility and benefited from greater global brand recognition from the investment community, security solution community, and potential employee population."
As reported in the press, the GSC winner of 2007, NoblePeak Vision, announced last week that they raised $12 million in a funding round, led by Chart Venture Partners of New York. With Matt McCooe from Chart Venture Partners being an active supporter of the GSC for years, we are extremely pleased about this startup-investor match. (Picture below shows Matt McCooe on the left as a panelist at last year’s GSC conference in London)
Cliff King, NoblePeak’s Founder and COO, told us "Customer interest in our night vision technology soared from the publicity we received after winning the 2007 GSC. As a direct result we are now developing new camera systems with major OEM's and systems integrators for market launch at the end of 2008".
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