TiEcon 2014 Announces Altia Systems Is a Winner for Its TiE50 Awards Program

The TiE50 Awards Program Recognizes the 50 Hottest Tech Start-Ups

CUPERTINO, CA--(Marketwired - May 20, 2014) - Altia Systems, developer of the award-winning PanaCast system for video and web collaboration today announced that it has been selected as a winner for the prestigious 2014 TiE50 Awards Program. Returning for the sixth year in a row, this year's TiE50 was open to all technology companies worldwide.

The PanaCast Experience -- which consists of the PanaCast camera-server, cloud and apps software -- is an immersive, Panoramic-HD video and HD audio web collaboration system for today's anytime, anywhere world of smartphones, tablets and personal computers. It lets participants connect via encrypted PanaCast video and audio streams over the open Internet using their personal devices. The PanaCast camera works with Microsoft® Lync®, CiscoWebEx®, Citrix® GoToMeeting® and Google® Hangouts® with no change or upgrade required. Participants see the whole or the host-selected visual field in real-time. With the individualized video delivery of the PanaCast Experience cloud service, each participant can pan and zoom across the immersive visual field to see what they want to see without affecting other participants.

"We are delighted to be selected as a TiE50 Winner award recipient, especially given the caliber of companies in the running for this recognition," said Aurangzeb Khan, Altia Systems' President and CEO. "The PanaCast Experience is an industry first solution, adding high-quality video to every day audio teleconferences and web collaboration sessions to help people engage more fully and hence achieve better business results faster."

"In the six short years since inception, the TiE 50 program has become a global brand that attracts thousands of companies worldwide for this recognition," said Venktesh Shukla, president of TiE, Silicon Valley. "It is unique in terms of rigor of selection and the broad scope of companies that it reviews for this award and is one of TiE Silicon Valley's most successful programs. It is also worth mentioning that this is the only awards recognition in technology to be held by a large global non-profit organization. "

To determine the winner, a panel of experts screened the companies and created a list of the "2014 TiE50 Top Startups." This list was then reviewed by a screening committee of deep domain experts. About 100 of the best of the breed companies were selected to the elite TiE50 Finalist pool. Finally, this pool of TiE50 Finalists were judged by a panel of highly accomplished team made up of serial entrepreneurs, venture capitalists, angel investors, CEOs and well-rounded technology experts, to determine finalists and winners. Companies were evaluated on three parameters: Business Model, IP Value and Leadership team.

At TiEcon 2014, 20 of the top startups from each of the five segments were chosen to pitch their ideas, and winners were announced on stage at TiEcon.

"This year the TiE50 Awards Program screened more than 2800 companies from 27 countries. The finalist pool is represented by early through late stage companies. A star attraction of the conference is TiE50 Finalist presentations. Audiences are treated to great ideas and amazing technologies" said Ram K. Reddy, the program chair.

The TiE50 track record since its inception in May 2009 shows that 94% of the winners and finalists have been funded, attracting Billions in investments. Many of these companies have been acquired, merged or gone public.

For further details on the TiE50, visit www.tie50.org.

About Altia Systems 
Altia Systems™ (altiasystems.com) is a venture-backed company based in Cupertino, California, and creator the PanaCast™ solution. The award-winning PanaCast™ offers a unique experience that enables anyone on desktop or mobile to communicate in interactive, real-time Panoramic-HD 200° field-of-view video that replicates the human panoramic perspective. Follow @panacast1 on Twitter® for updates.

About TiEcon
TiEcon is the world's largest conference for entrepreneurs and intrapreneurs with loyal participation from top technology companies, leading venture capital firms, and global service providers. TiEcon 2012 attracted 3,000+ attendees from across the world - including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. TiEcon was listed by Worth Magazine in their September 2011 issue to be among the 10 Best Conferences for Ideas and Entrepreneurship along with TED and the World Economic Forum. For more information on TiEcon, visit http://www.tiecon.org/.

About TiE:
TiE is a global not-for-profit organization fostering entrepreneurship through mentoring, education, and networking. We consider entrepreneurship to be the single most powerful instrument to advance global prosperity. Our greatest strength is our network of over 60 chapters in 17 countries with a worldwide membership exceeding 14,000 that includes successful entrepreneurs, venture capitalists, corporate executives, and aspiring entrepreneurs. For more information on TiE, visit www.tie.org.

 

CONTACT INFORMATION

For more information please contact:

Belinda Young
BYPR
Telephone: 206-932-3145
Email: byoung@bypr.com

Jeremy Young
BYPR
Telephone: 206-291-3818
Email: jyoung@bypr.com

Altia Systems Receives $10.5 million in Series B Funding for PanaCast Personal Panoramic Video System

Intel Capital is Lead Investor

Cupertino, Calif. (April 8, 2014) – Altia Systems, developer of the award-winning PanaCast system for video and web collaboration, today announced that it has raised$10.5 million in series B funding, with Intel Capital as the lead investor.

Altia Systems’ PanaCast Experience - which consists of the PanaCast camera, cloud and apps - is an award-winning, industry-first video and web collaboration service that lets users connect via immersive Panoramic-HD video and HD audio, anytime and anywhere, right from their smartphones, tablets and personal computers. Intuitive touch-enabled controls allow all the participants to see what they want within the whole visual field, in real-time and independently of each other. The PanaCast camera works with leading collaboration platforms like Microsoft Lync, Cisco WebEx, Citrix GoToMeeting and Google Hangouts with no change or upgrade required. 

“We are pleased that Intel Capital chose to lead this round,” said Aurangzeb Khan, co-founder and CEO of Altia Systems. 

“Working with Intel Capital will help us further develop the PanaCast Experience and advance the underlying technology roadmap faster and more efficiently, particularly for enterprise customers.”

“The way businesses work today has evolved from local to globally-distributed organizations that need to collaborate in real time to win,” said Ramamurthy Sivakumar, managing director at Intel Capital. “The PanaCast Experience enables pervasive collaboration and the PanaCast multi-imager technology, when combined with a highly scalable cloud and apps, has the potential to transform how people engage with each other to work, live, learn and play.”

 

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,339 companies in 55 countries. In that timeframe, 206 portfolio companies have gone public on various exchanges around the world and 344 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

 

About Altia Systems 

Altia Systems™ (altiasystems.com) is a venture-backed company based in Cupertino, California, and creator the PanaCast™ solution. The award-winning PanaCast™ offers a unique experience that enables anyone on desktop or mobile to communicate in interactive, real-time Panoramic-HD 2000 panoramic perspective. Follow @panacast1 on Twitter® for updates.

PanaCast and Altia Systems are trademarks of Altia Systems, Inc. All other trademarks and registered trademarks previously cited are hereby acknowledged and recognized.

 

For more information please contact:

Belinda Young

BYPR 

Telephone: 206-932-3145 

Email: byoung@bypr.com 

 

Jeremy Young

BYPR

Telephone: 206-291-3818

Email: jyoung@bypr.com

Intel Capital Leads $10.5M Investment Round for Altia Systems

Series B Funding to Help Altia Systems

Expand Customer Base, Accelerate Roadmap

SANTA CLARA, Calif., April 8, 2014 – Intel Capital today announced it led a $10.5 million Series B round for Altia Systems, developer of the award-winning PanaCast system for video and web collaboration. 

Altia Systems developed the PanaCast Experience – which consists of the PanaCast camera, cloud and apps – as an immersive, panoramic HD video and HD audio web collaboration system for today’s anytime, anywhere world of smartphones, tablets and personal computers.

“Altia Systems is transforming the collaboration experience by taking advantage of the PCs, tablets and smartphones already in use around the world,” said Arvind Sodhani, president of Intel Capital and executive vice president of Intel. “Altia Systems is breaking new ground by bringing panoramic camera technology to the field of web conferencing, enhancing the experience with sophisticated pan and zoom capabilities at a very affordable cost. We look forward to working with them to ensure a consistently high quality experience across all devices.”

The PanaCast camera works with leading collaboration platforms such as Microsoft Lync*, Cisco WebEx*, Citrix GoToMeeting* and Google Hangouts* with no change or upgrade required. It features touch-enabled controls that allow all participants to see what they want within the whole visual field, in real time and independently of each other.

 

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,339 companies in 55 countries. In that timeframe, 206 portfolio companies have gone public on various exchanges around the world and 344 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

 

About Altia Systems

Altia Systems™ (altiasystems.com) is a venture-backed company based in Cupertino, California, and creator the PanaCast™ solution. The award-winning PanaCast™ offers a unique experience that enables anyone on desktop or mobile to communicate in interactive, real-time Panoramic-HD 2000 replicates the human panoramic perspective. Follow @panacast1 on Twitter® for updates.

 

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries. 

*Other names and brands may be claimed as the property of others.

PanaCast and Altia Systems are trademarks of Altia Systems, Inc. 

 

 

CONTACTS:

For Intel Capital: 

Chris Kraeuter 

408-653-5358

chris.kraeuter@intel.com

 

For Altia Systems:

Belinda Young

BYPR

206-932-3145

byoung@bypr.com

Altia Systems Announces New Investment by Naya Ventures and Adds Industry Veteran Dayakar Puskoor to Board of Directors

CUPERTINO, CA--(Marketwired - Oct 28, 2013) - Altia Systems, developer of the award-winning PanaCast system that is redefining the world of video and web collaboration, today announced that it has raised $6.7 million to date, including a recent investment by Naya Ventures, a new type of venture capital firm specializing in emerging growth companies in the mobile and cloud market. The company also announced that it has appointed Naya Ventures Managing Director Dayakar Puskoor to its Board of Directors.

Altia Systems' flagship product is PanaCast, a disruptive immersive video collaboration solution with a full 200 degree field of view, which allows remote participants to see the full human panoramic perspective with individual control, just as if they were there. The solution runs on the billions of PCs, tablets and smart phones worldwide, and with exceptionally low bandwidth requirements it works almost anywhere. Targeted towards the enterprise, PanaCast transforms video and web collaboration through the immersive and individualized experience it provides each participant. Additionally, it augments popular web collaboration tools, such as Cisco's WebEx, Microsoft Lync, and Citrix's GoToMeeting by adding panoramic-HD video to the collaboration suite. PanaCast can be easily installed in all conference/collaboration rooms in an enterprise at a fraction of the cost of traditional video conferencing equipment. More than 150 enterprise customers have purchased PanaCast since its launch at DEMO Mobile 2013 in April, where it won the DEMOgod award.

As a Board member of Altia Systems, Puskoor, a wireless industry visionary and former Microsoft executive whose background includes founder and CEO of JP Mobile (acquired by Good Technology/Motorola) and M2 Junction (acquired by SinglePoint), will provide strategic counsel to the company. Collectively, Puskoor and the Naya Ventures management team have founded and sold mobile technology companies creating more than $500 million in shareholder value. 

"We are delighted to have Naya Ventures as part of our team and to have Dayakar join our Board," said Aurangzeb Khan, President and CEO of Altia Systems. "Both Naya's expertise in early stage mobile and cloud based companies and Dayakar's exceptional track record in building successful Enterprise and Mobile solution companies will be great assets as we rapidly scale our company."

"It's exciting to join Altia Systems at this inflection point as the unique PanaCast solution is scaling into large enterprises," said Puskoor. "This technology is as disruptive to business collaboration as the iPhone was to the mobile market. It is Telepresence for everybody."

About Naya Ventures
Founded in 2011, Naya Ventures invests in early stage mobile technology and cloud based companies where its product development expertise, emerging market channel relationships and go-to-market strategies can efficiently increase enterprise value. Led by serial entrepreneurs in the mobile and cloud industry, Naya Ventures' principals work alongside a global network of C-level executives and general partners at influential US technology companies and venture funds. Naya's strong mobile and cloud industry reputation, its relationships with leading technology companies such as Microsoft and its global network of technology and market development resources help accelerate value creation. Its relationships also provide Naya with an extensive deal sourcing and follow on funding capability.

About Altia Systems 
Altia Systems™ (altiasystems.com) is a venture-backed company based in Cupertino, California, and creator the PanaCast™ solution. PanaCast™ is a unique experience that enables anyone on desktop or mobile to communicate in interactive, real-time Panoramic-HD 200° field-of-view video that replicates the human panoramic perspective. Follow @panacast1 on Twitter® for updates.

PanaCast and Altia Systems are trademarks of Altia Systems, Inc. 
All other trademarks and registered trademarks previously cited are hereby acknowledged and recognized.