High-tech companies in region hope venture capital forum brings results

September 17, 1998|By Mark Guidera | Mark Guidera,SUN STAFF

Maryland high-technology companies wrapped up their pitches for venture funding yesterday at the Mid-Atlantic Venture Forum in Tysons Corner, Va.

The annual forum this year focused on companies engaged in providing services or products tied to the Internet, telecommunications or computer software.

A total of 31 companies, most from the Northern Virginia area, were invited this year to make detailed presentations to venture capital executives.

Following last year's forum, seven companies, including three from Maryland, landed commitments of venture funding ranging from $1 million to $20 million.

Maryland companies making presentations this year included: Customer Insights Inc., a College Park outfit that measures traffic of Internet web sites; Digital Addiction, a Laurel developer of on-line games; Fugen Inc., a Rockville provider of multimedia services to the legal profession; HT Medical Systems Inc, a Rockville developer of computerized visualization systems for medicine; and TravelGuide Software, a Baltimore marketer of management software for the travel industry.

Pub Date: 9/17/98

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