Indian founded Tech Companies attract Top Venture Funding
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Indian founded Tech Companies attract Top Venture Funding
Fremont, CA: Indian entrepreneurs have been making great strides in the Silicon Valley over the years, a phenomenon that continues to rise despite the troubled economic conditions prevailing in U.S. and outside. This is substantiated by the fact that Indian founded tech companies recognized by siliconindia in its annual si100 are continuing to pick the interest of venture firms and have attracted over $1.2 billion in venture investment. The 14th si100 released in November 2011, recognizes top 100 U.S based technology companies founded and managed by Indians across verticals like Enterprise Software, IT Services, OPD, BPO, Wireless, Semiconductor, Enterprise Security, Clean Tech and Networking. The listing identifies companies that have made the VCs, analysts, press and other CEOs take notice. While 34 of the 100 companies raised the $1.2 billion venture funding; the rest are operating successfully by being self sufficient. In addition to these fundings, Lightsquared has raised $2.3 billion from hedge funds. Most of these funded companies have broke even, bringing great returns to their stake holders while also creating tremendous buzz for their product and services. Of the verticals mentioned earlier, the companies in cleantech sector have attracted the most amount of funding, totaling to $340.8 million; followed by networking with $312.1 million; and Internet and Mobile companies having raised $121.4 million and $106 million respectively. Every year, siliconindia recognizes 100 technology companies founded and managed by Indians who have been make great strides with their innovative approach. This year too, the 14th si100 lists companies that despite the fierce competition, turbulent economic conditions and on the whole, with the industry being under weather, have emerged not only as survivors but a shining example of what grit, determination and an out of box thinking can help one achieve. "We see several of the si100 companies every year achieving a milestone that many others perhaps only dream of. Last year, we saw several of the previously recognized companies being acquired by large players in the face of fierce competition; Playspan, Vivu, AutoESL being a few of them," says Harvi Sachar, Publisher & Founder, siliconindia. 2011 has seen a promising number of technology companies created by Indians in U.S. who have successfully glided through the economically challenged environment. 12 out of the 100 companies being listed in si100, have raised a little over $1 billion through venture capital and other equities. This indeed is a great achievement, considering issues like rising debt, rising unemployment, European crisis, inflation and more, plaguing the economy. siliconindia's si100 listing stands to recognize this continuing rise and glory of Indian entrepreneurship in high-techThis annual merit list is derived by a team of industry experts, venture capitalists, siliconindia editorial board, who have marked the firms based on the competency of the management team, the performance of the company, the nature of employees, their customer traction and their potential impact on the industry.

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