Needham Capital Partners

Needham Capital Partners is a private growth equity firm based in New York that primarily invests in the technology and biotech/life-sciences sectors. The firm is dedicated to providing long-term capital appreciation by targeting equities of private growth companies in the United States. Affiliated with Needham Asset Management, which oversees significant funds for public and private equity investments, Needham Capital Partners leverages its expertise to identify and nurture promising companies within its focused industries.

Eugene R. White

Director

36 past transactions

SpaceClaim

Series D in 2010
SpaceClaim Corporation specializes in the development and marketing of 3D direct modeling software designed to assist engineers, product designers, and manufacturers throughout the product development process. Its primary offerings include SpaceClaim Engineer, which facilitates the creation of 3D designs for prototyping and analysis, and SpaceClaim Style, an industrial design tool for conceptual design validation. Additionally, the company provides SpaceClaim Viewer, allowing users to open and measure designs and drawings. SpaceClaim also offers educational licenses and training programs for academic institutions in North America. The company’s products support various applications, including conceptual engineering and manufacturing engineering, and are distributed through a network of resellers both domestically and internationally. Founded in 2005, SpaceClaim is headquartered in Concord, Massachusetts, with additional offices in France and Japan.

SpaceClaim

Series C in 2009
SpaceClaim Corporation specializes in the development and marketing of 3D direct modeling software designed to assist engineers, product designers, and manufacturers throughout the product development process. Its primary offerings include SpaceClaim Engineer, which facilitates the creation of 3D designs for prototyping and analysis, and SpaceClaim Style, an industrial design tool for conceptual design validation. Additionally, the company provides SpaceClaim Viewer, allowing users to open and measure designs and drawings. SpaceClaim also offers educational licenses and training programs for academic institutions in North America. The company’s products support various applications, including conceptual engineering and manufacturing engineering, and are distributed through a network of resellers both domestically and internationally. Founded in 2005, SpaceClaim is headquartered in Concord, Massachusetts, with additional offices in France and Japan.

ChipX

Series B in 2008
ChipX, Inc. is a Mixed-Signal ASIC company with the broadest offering of value-added ASIC solutions, including Standard Cell, Structured ASIC and Hybrid ASIC technology. ChipX has unique expertise in PCI Express, USB 2.0, DDR/DDR2 and data conversion mixed-signal cores; all are silicon proven and certified and they can be integrated in customers’ ASICs with a record first-time to market success. ChipX products are widely used in industrial applications, medical equipment and military/aerospace systems. Headquartered in Santa Clara, CA, ChipX is a privately held corporation, with a Research and Development subsidiary in Israel.

Nascentric

Series C in 2007
Nascentric, Inc., an electronic design automation company, develops and markets simulators for analysis and functional verification of complex nanometer designs. It offers OmegaSim, a rocket-fast SPICE simulator; OmegaSim AMS, an analog/mixed-signal Fast-SPICE simulator; and OmegaSim GX, a hardware-accelerated SPICE simulator. The company’s products allow designers to simulate, analyze, and verify circuits and improve design quality. Its products also enable to analyze and optimize the mixed-signal, custom digital, and memory designs. Nascentric, Inc. was founded in 2003 and is headquartered in Austin, Texas with a regional office in San Jose, California.

Bay Microsystems

Series E in 2007
Bay Microsystems, Inc. is a technology company that specializes in designing and developing advanced network solutions, including network architectures, systems, software, and integrated circuits. Founded in 1998 and headquartered in San Jose, California, with an office in Germantown, Maryland, the company offers a range of products such as the ABEx network appliance, which supports various networking protocols like synchronous optical networking and multiprotocol label switching. Additionally, Bay Microsystems develops a suite of network processors, including Chesapeake, Montego, and Biscayne, which enhance packet processing and traffic management capabilities. The company also provides the Lighthouse Tool Suite, a development platform for network processor-based equipment, and BayPort, a demonstration platform for evaluating their processors. By bridging the gap between enterprises and cloud storage systems, Bay Microsystems enables businesses with geo-diverse locations to effectively manage and utilize their distributed data assets.

SpaceClaim

Series B in 2007
SpaceClaim Corporation specializes in the development and marketing of 3D direct modeling software designed to assist engineers, product designers, and manufacturers throughout the product development process. Its primary offerings include SpaceClaim Engineer, which facilitates the creation of 3D designs for prototyping and analysis, and SpaceClaim Style, an industrial design tool for conceptual design validation. Additionally, the company provides SpaceClaim Viewer, allowing users to open and measure designs and drawings. SpaceClaim also offers educational licenses and training programs for academic institutions in North America. The company’s products support various applications, including conceptual engineering and manufacturing engineering, and are distributed through a network of resellers both domestically and internationally. Founded in 2005, SpaceClaim is headquartered in Concord, Massachusetts, with additional offices in France and Japan.

LoadStar Sensors

Series B in 2007
LoadStar Sensors specializes in the design and manufacture of capacitive load cells that feature USB and wireless output. These load cells are utilized across various sectors, including automotive, aerospace, medical devices, industrial, and consumer applications. The company's Plug and Sense® technology ensures high sensitivity in a user-friendly, mechanically robust, and low-profile design. LoadStar Sensors also collaborates with leading original equipment manufacturers (OEMs) to integrate their load cells and digital interfaces into mass-market products. Additionally, the cells serve a broad range of functions, including use in torque, displacement, and pressure sensors, allowing seamless communication via USB, Bluetooth, or wireless protocols with devices such as PCs, tablets, and smartphones.

Biocept

Venture Round in 2006
Biocept, Inc. is a molecular oncology diagnostics company that develops and commercializes innovative assays for circulating tumor cells and circulating tumor DNA, utilizing standard blood samples. Its cancer assays provide critical information for healthcare providers to identify oncogenic alterations in diverse solid tumors, including breast, lung, gastric, colorectal, prostate, melanoma, pancreaticobiliary, and ovarian cancers. The company employs its patented Target-Selector technology to enhance the sensitivity and specificity of mutation detection. Biocept also offers laboratory services to various medical professionals, aiding in the development of treatment plans for cancer patients. In addition to its blood-based liquid biopsy assays, Biocept has created the CNSide cerebrospinal fluid assay to detect metastasized cancer in the central nervous system. The company's clinical laboratory is accredited and operates under strict regulatory standards. Biocept markets its diagnostic assays directly to healthcare providers and collaborates with pharmaceutical companies and clinical research organizations for drug development and research services. Founded in 1997, Biocept is headquartered in San Diego, California.

NeoPhotonics

Series C in 2006
NeoPhotonics is a technology company specializing in the development, manufacture, and sale of optical components and subsystems used in high-speed digital communications networks. The company offers a comprehensive range of active and passive optical products tailored for various market segments, including fiber-to-the-home (FTTH), data communications, storage area networks, and both metro and long-haul networks. Its product lineup includes transceivers, integrated splitters, multiplexers, and advanced optical modules, all designed to support a wide array of data rates and applications. Notably, NeoPhotonics is recognized for its innovative silica Planar Lightwave Circuit (PLC) technology, which plays a crucial role in modern optical networks. Additionally, the company produces MEMS-based Variable Optical Attenuators and Dynamic Channel Equalizers, enhancing the performance and efficiency of communication systems.

Sipex Corporation

Venture Round in 2006
Sipex Corporation engages in the design, manufacture, and marketing of analog integrated circuits (ICs). It offers power management products, including white LED drivers, DC/DC regulators, and controllers to regulate, control, monitor, or provide the reference voltage for a system or portion of a system. The company also provides interface products that facilitate the transfer of digital signals between or within electronic systems, as well as ensure connectivity between networks, computers, and digital peripherals and consumer portable devices that connect to them. In addition, it offers optical storage products, including photo-detector ICs, advanced power control ICs, and laser diode drivers.

TestQuest

Venture Round in 2005
TestQuest, Inc. specializes in test automation and management solutions tailored for mobile devices and applications. The company offers two primary products: TestQuest Pro and TestQuest CountDown. TestQuest Pro is a test automation tool designed for embedded systems, serving various industries such as enterprise computing, digital entertainment, telecommunications, military, aerospace, and medical devices. TestQuest CountDown functions as a comprehensive test platform that integrates test design, management, and execution, facilitating collaboration among distributed development teams. This platform includes features like TestManager for organizing and executing tests, TestRunner for test execution, Device Connectivity for mobile and wireless device integration, TestDesigner for automated test case generation, and AssetManager for managing test assets. Additionally, TestQuest provides consulting, assessment, implementation, and training services to a diverse clientele that includes network operators, device manufacturers, content providers, and application developers. Founded in 1983 as B-Tree Systems, Inc., the company rebranded to TestQuest, Inc. in 2000 and is headquartered in Minneapolis, Minnesota. As of 2008, TestQuest operates as a subsidiary of BSQUARE Corp.

SpaceClaim

Series A in 2005
SpaceClaim Corporation specializes in the development and marketing of 3D direct modeling software designed to assist engineers, product designers, and manufacturers throughout the product development process. Its primary offerings include SpaceClaim Engineer, which facilitates the creation of 3D designs for prototyping and analysis, and SpaceClaim Style, an industrial design tool for conceptual design validation. Additionally, the company provides SpaceClaim Viewer, allowing users to open and measure designs and drawings. SpaceClaim also offers educational licenses and training programs for academic institutions in North America. The company’s products support various applications, including conceptual engineering and manufacturing engineering, and are distributed through a network of resellers both domestically and internationally. Founded in 2005, SpaceClaim is headquartered in Concord, Massachusetts, with additional offices in France and Japan.

Ceon

Venture Round in 2005
Ceon Corporation specializes in providing product management and fulfillment software tailored for the communication service provider (CSP) market. Its offerings include the Product Control Center, which helps service providers create and manage product catalogs, and the Intelligent Order Manager, designed for orchestrating order handling for broadband and IP-based services. The Intelligent Activation Server activates various services across different networks and technologies, while the Adapter Library facilitates the development of connectivity adapters for various devices. Additionally, Ceon offers service modules for High Speed Data, Voice over IP, and IP-TV. The company also provides a range of services such as business analysis, system design, program management, installation, configuration, testing, and post-deployment maintenance support. Founded in 1982 and headquartered in Redwood City, California, Ceon Corporation was previously known as FirstTel Systems Corporation and became a subsidiary of Convergys Corporation in 2008.

ePartners

Venture Round in 2005
ePartners is a business solutions provider specializing in Microsoft Business Software, serving clients across North America since 1992. The company focuses on implementing, deploying, and managing Microsoft-based technologies, including Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Business Analytics. By taking the time to understand each client's unique needs and industry processes, ePartners creates customized solutions that enhance operational efficiency and empower employees at all levels. Their approach ensures a smooth transition with minimal learning curve, allowing businesses to align their IT strategies with overall objectives. Ultimately, ePartners aims to drive performance improvements and support growth by offering cost-effective, tailored technology solutions.

Bay Microsystems

Series D in 2005
Bay Microsystems, Inc. is a technology company that specializes in designing and developing advanced network solutions, including network architectures, systems, software, and integrated circuits. Founded in 1998 and headquartered in San Jose, California, with an office in Germantown, Maryland, the company offers a range of products such as the ABEx network appliance, which supports various networking protocols like synchronous optical networking and multiprotocol label switching. Additionally, Bay Microsystems develops a suite of network processors, including Chesapeake, Montego, and Biscayne, which enhance packet processing and traffic management capabilities. The company also provides the Lighthouse Tool Suite, a development platform for network processor-based equipment, and BayPort, a demonstration platform for evaluating their processors. By bridging the gap between enterprises and cloud storage systems, Bay Microsystems enables businesses with geo-diverse locations to effectively manage and utilize their distributed data assets.

ChipX

Venture Round in 2004
ChipX, Inc. is a Mixed-Signal ASIC company with the broadest offering of value-added ASIC solutions, including Standard Cell, Structured ASIC and Hybrid ASIC technology. ChipX has unique expertise in PCI Express, USB 2.0, DDR/DDR2 and data conversion mixed-signal cores; all are silicon proven and certified and they can be integrated in customers’ ASICs with a record first-time to market success. ChipX products are widely used in industrial applications, medical equipment and military/aerospace systems. Headquartered in Santa Clara, CA, ChipX is a privately held corporation, with a Research and Development subsidiary in Israel.

Color Kinetics, Incorporated

Series F in 2004
Color Kinetics is a leader in the design and marketing of intelligent solid-state lighting systems, primarily utilizing light-emitting diodes (LEDs) as their light source. The company develops innovative lighting technologies that cater to diverse markets, including architectural applications, motion picture production, medical settings, and children's toys. By focusing on solid-state devices, Color Kinetics harnesses the advantages of advanced semiconductor materials to create efficient and versatile lighting solutions.

Athena Semiconductors

Series B in 2003
Athena Semiconductors is a designer and manufacturer of semiconductors, focusing on the development of CMOS radio transceiver integrated circuit (IC) products. The company operates as a fabless IC firm, targeting the rapidly expanding markets of wireless broadband communications and convergence, which encompass video, audio, and data transmission. Utilizing a patented CMOS radio technology platform, Athena Semiconductors delivers products characterized by high integration, cost-effectiveness, and superior performance, catering to the increasing demands of modern communication technologies.

Bay Microsystems

Series C in 2003
Bay Microsystems, Inc. is a technology company that specializes in designing and developing advanced network solutions, including network architectures, systems, software, and integrated circuits. Founded in 1998 and headquartered in San Jose, California, with an office in Germantown, Maryland, the company offers a range of products such as the ABEx network appliance, which supports various networking protocols like synchronous optical networking and multiprotocol label switching. Additionally, Bay Microsystems develops a suite of network processors, including Chesapeake, Montego, and Biscayne, which enhance packet processing and traffic management capabilities. The company also provides the Lighthouse Tool Suite, a development platform for network processor-based equipment, and BayPort, a demonstration platform for evaluating their processors. By bridging the gap between enterprises and cloud storage systems, Bay Microsystems enables businesses with geo-diverse locations to effectively manage and utilize their distributed data assets.

Kanisa

Venture Round in 2003
Kanisa is a provider of knowledge-driven customer service applications designed to enhance the effectiveness of customer support organizations. By offering a comprehensive suite of tools, Kanisa enables support analysts to respond more efficiently to increasing customer demands while optimizing budget constraints. The applications facilitate the sharing of expert knowledge, empowering both support agents and customers with the information they need to resolve issues and improve satisfaction. Kanisa aims to address the challenges faced by service organizations in delivering high levels of customer happiness, focusing on quicker and more accurate responses to inquiries and the prevention of potential problems. Through its solutions, Kanisa seeks to enhance the overall customer experience without incurring excessive costs.

pSemi

Series A in 2003
pSemi Corporation, a subsidiary of Murata, is a semiconductor company based in San Diego, California, focused on driving semiconductor integration. Building on the legacy of Peregrine Semiconductor, pSemi enhances Murata's capabilities through high-performance semiconductor solutions. The company specializes in a diverse range of products, including wireless and broadband radio frequency devices, integrated circuits, power management solutions, and connected sensors. pSemi's innovations support advanced modules used in smartphones, base stations, personal computers, electric vehicles, data centers, IoT devices, and healthcare applications. With a commitment to making electronics smaller, thinner, faster, and more efficient, pSemi aims to play a pivotal role in the connected world.

CoWare

Series D in 2002
CoWare, Inc. provides electronic system-level design software and consulting services primarily to IP, semiconductor, and electronics companies. The company specializes in platform-driven solutions that facilitate platform architecture design, verification, application sub-system design, processor design, DSP algorithm design, and software development. Key products include Platform Architect, a graphical environment for platform analysis; Model Designer for IP block verification; and Virtual Platform, which simulates platforms for software development teams. CoWare also offers a Model Library containing various processor, bus, and peripheral models, and Processor Designer for creating custom processors and programmable hardware accelerators. Additionally, the Signal Processing Designer enables the design and analysis of signal processing algorithms, exporting implementations as blocks. CoWare's suite of tools supports the creation and validation of virtual hardware platforms, streamlining development processes for device software.

Chip Express

Venture Round in 2002
Fit the CHIP Express™ digital diesel tuning box for more torque too. You'll immediately notice better acceleration from low down in the rev range and when using taller gears. And that means more pulling power - precisely what you need if you tow a caravan, a horse box, a boat or if you drive a heavily laden vehicle like a van or pickup.

Atherotech Diagnostics Lab

Private Equity Round in 2002
Atherotech, Inc. is a clinical reference laboratory based in Birmingham, Alabama, specializing in cardiometabolic testing and disease management solutions. The company is known for its VAP+ (Vertical Auto Profile) Lipid Panel, which utilizes patented density gradient ultracentrifugation technology to provide a comprehensive measurement of cholesterol content across various lipid components and subclasses. This innovative testing enables clinicians to better stratify cardiovascular risk and tailor personalized treatment strategies for improved health outcomes. In addition to its core testing services, Atherotech offers consulting and educational resources to healthcare providers and patients, serving a diverse client base that includes physicians, hospitals, and clinics across the United States. Founded in 1996, Atherotech operates as a subsidiary of Ningbo Alabama LLC.

Alacritech

Series C in 2002
Alacritech specializes in storage network acceleration solutions that enhance the performance of enterprise network storage systems. Founded in 1997 by Larry Boucher, a notable figure in technology and the author of the SCSI standard, Alacritech addresses the challenges of storage and networking convergence. The company offers network interface cards (NICs) that offload TCP/IP processing from computer CPUs to the NIC hardware, significantly boosting application performance without necessitating the replacement of existing NFS-based storage networks. By leveraging its patented technology, including Dynamic TCP Offload, Alacritech helps organizations optimize their storage infrastructure, reduce reliance on underutilized disk drives, and extend the life of their current storage solutions. With a focus on redefining enterprise storage capabilities, Alacritech equips businesses to enhance their operational efficiency and performance.

Nextest Systems

Venture Round in 2001
Nextest Systems Corporation, founded in 1997, specializes in the design and manufacture of automatic test equipment (ATE) for non-volatile memory, microcontrollers, ASICs, and system-on-a-chip (SOC) semiconductors. The company focuses on providing cost-effective solutions that enhance throughput, reliability, functionality, and capacity for manufacturers, all while minimizing testing costs and expediting time to market. With a workforce of around 150 employees and sales and support offices located globally, Nextest has established a significant presence in the testing equipment industry, having shipped over 1,000 systems worldwide since its inception.

TestQuest

Venture Round in 2001
TestQuest, Inc. specializes in test automation and management solutions tailored for mobile devices and applications. The company offers two primary products: TestQuest Pro and TestQuest CountDown. TestQuest Pro is a test automation tool designed for embedded systems, serving various industries such as enterprise computing, digital entertainment, telecommunications, military, aerospace, and medical devices. TestQuest CountDown functions as a comprehensive test platform that integrates test design, management, and execution, facilitating collaboration among distributed development teams. This platform includes features like TestManager for organizing and executing tests, TestRunner for test execution, Device Connectivity for mobile and wireless device integration, TestDesigner for automated test case generation, and AssetManager for managing test assets. Additionally, TestQuest provides consulting, assessment, implementation, and training services to a diverse clientele that includes network operators, device manufacturers, content providers, and application developers. Founded in 1983 as B-Tree Systems, Inc., the company rebranded to TestQuest, Inc. in 2000 and is headquartered in Minneapolis, Minnesota. As of 2008, TestQuest operates as a subsidiary of BSQUARE Corp.

Blue Pumpkin Software

Series G in 2001
Blue Pumpkin provides industry-leading workforce management solutions that improve the performance of a customer contact center’s most important and valuable asset – its people. Addressing critical business challenges and creating competitive advantage with both innovative technology and best practices professional services, the company helps customers Balance and Optimize™ three critical and often competing priorities: business growth through customer loyalty, employee satisfaction and retention, and operating costs.

Magma Design Automation

Venture Round in 2001
Magma Design Automation, Inc. specializes in electronic design automation (EDA) software products and services aimed at optimizing the design and production of integrated circuits across various industries, including communications, computing, and consumer electronics. The company offers a comprehensive digital integrated solution that streamlines the chip development cycle, encompassing initial design through to physical implementation. Magma's primary offerings include the Talus family of products, the Tekton static timing analyzer, and the QCP extractor, as well as the Quartz suite for sign-off and verification. These tools work seamlessly together to create an integrated design and verification flow, effectively merging previously distinct processes of logic design, physical design, and analysis. Additionally, Magma's Titan platform supports custom integrated chip design, providing a cohesive solution for mixed-signal projects.

Silicon Metrics

Venture Round in 2000
Silicon Metrics specializes in developing electronic design automation (EDA) technology aimed at improving the design process for integrated circuits. The company offers characterization and modeling tools for standard cells, memories, and complex input/output interfaces. Their flagship product, SiliconSmart, delivers comprehensive timing, power, and signal integrity models compatible with various industry-standard formats. By providing these solutions, Silicon Metrics helps design teams minimize silicon re-spins caused by hidden timing flaws, thereby enhancing the efficiency and reliability of semiconductor design.

Corona Networks

Series B in 2000
Corona Networks is a developer of networking equipment, specifically carrier-class IP switches for CLECs, ILECs, IXCs, PTTs and ISPs. The company's products enable the delivery of differentiated IP services including multimedia content delivery, virtual private networks, firewalls and bandwidth management.

HotRail

Series C in 2000
HotRail is an internet infrastructure company founded in 1993 and headquartered in California. Specializing in the development of advanced high-speed interconnect technologies, the company offers solutions that include smart switched fabrics. As a fabless semiconductor firm, HotRail focuses on mixed signal and complex digital logic design, providing innovative products to enhance connectivity for its clients.

Officesupplies.com

Venture Round in 1999
officesupplies.com is a virtual marketplace and business resource center that is dedicated to helping small and mid-size businesses spend less time and money to getting the supplies they need. officesupplies.com features over 18000 products from more than 300 top manufacturers and provides customers with money-saving benefits like free next business day delivery and competitive pricing.

CoWare

Series B in 1999
CoWare, Inc. provides electronic system-level design software and consulting services primarily to IP, semiconductor, and electronics companies. The company specializes in platform-driven solutions that facilitate platform architecture design, verification, application sub-system design, processor design, DSP algorithm design, and software development. Key products include Platform Architect, a graphical environment for platform analysis; Model Designer for IP block verification; and Virtual Platform, which simulates platforms for software development teams. CoWare also offers a Model Library containing various processor, bus, and peripheral models, and Processor Designer for creating custom processors and programmable hardware accelerators. Additionally, the Signal Processing Designer enables the design and analysis of signal processing algorithms, exporting implementations as blocks. CoWare's suite of tools supports the creation and validation of virtual hardware platforms, streamlining development processes for device software.

Rapid Logic

Venture Round in 1999
Rapid Logic, Inc. develops Web-based applications. Its applications enable the distribution, access, presentation, and control of their client's development initiatives with management solutions.

Silicon Metrics

Series B in 1999
Silicon Metrics specializes in developing electronic design automation (EDA) technology aimed at improving the design process for integrated circuits. The company offers characterization and modeling tools for standard cells, memories, and complex input/output interfaces. Their flagship product, SiliconSmart, delivers comprehensive timing, power, and signal integrity models compatible with various industry-standard formats. By providing these solutions, Silicon Metrics helps design teams minimize silicon re-spins caused by hidden timing flaws, thereby enhancing the efficiency and reliability of semiconductor design.
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