Content area
Full Text
Amid the dot-com failures and high-tech collapses, one Colorado Springs company is soaring high on a new round of venture capital financing.
NeoCore, a company that developed an algorithm to process infinitely large banks of information, just received a lump sum of $10.4 million. The primary investor is New York City-based Baker Capital. In addition, a smaller group of investors, known as Witt SoundView, pitched in.
"We're ramping up the introduction of our XML server to the marketplace, said Tim Dix, CEO of NeoCore. XML, or extensible markup language, is increasingly used by technology companies to perform searches on databases.
Though NeoCore was formed in 1997, its founders quickly realized how widely XML was going to be adopted.
"This...