Red Herring
chose eight of the 100 winners to profile in longer form:
·
Straddling the Future: Adimos bets on the intersection of two
growing markets: digital video and wireless networks.
·
The DNA Dilemma: DNA Genotek finds a niche in collecting lots of
DNA without puncturing the skin.
·
Flight Path: When handsets go bad, InnoPath helps carriers send
a fix through the air.
·
Nano Now: Many say that nano profits are a decade away. Nano-Tex
proves that they’re wrong.
·
Hooked on Phonetics: Nexidia says its software will let you
listen to a year’s worth of audio recordings in one day.
·
So Much to Say: Eight million people worldwide use Six Apart
software to express themselves.
·
Phone Numbers: Making a profit during an industry-wide recession
gives Tellme Networks big dreams.
·
Democratizing Encryption: Voltage Security hopes to take the
pain out of email privacy.
The other 92 are featured below.
Atrua Technologies
ADDRESS 1696
Dell Ave.
Campbell, CA 95008
PHONE
1-408-370-8000
FOUNDED 2000
CEO Anthony
Gioeli
EMPLOYEES 40
FUNDING $29
million, 3 rounds
KEY INVESTORS
Nokia Venture Partners, Ericsson Venture Partners, Acer Technology
Ventures, NeoCarta Ventures, Intel Capital, mc3 ventures
Cameras,
messaging, gaming, music, video, data services, and shopping have
made handsets complicated and hard to use. Atrua Technologies wants
to help people use all the functions on their phones with embedded
touch controls that allow users to navigate the options with finger
motions. The technology also provides security with fingerprint
swiping instead of password typing. Atrua started shipping its first
orders last year. Revenues are still less than $5 million, but the
company expects to break even in 2006. Atrua’s potential market is
huge: IDC estimates there are about 1.5 billion mobile phone users
worldwide, and International Biometric Group estimates that the
market for fingerprint scanners totaled about $464 million in 2003.
But it’s still unclear how many functions users will eventually want
to use on their phones, and if simplified cell phones become the
norm, Atrua could find itself without a market.