Krimmeni Technologies raises $12 million in quest to fight piracy

Oct 2, 2014
Austin Business Journal

Anti-piracy startup Krimmeni Technologies Inc. reported raising $12.1 million of a planned $12.5 million financing


The Austin-based company collected the capital from 12 investors, according to a Tuesday filing with the U.S. Securities and Exchange Commission


Krimmeni Technologies, founded in 2007, develops and licenses data security systems for device makers and content providers. Its product is designed to enable content and technology providers to deliver consumer-friendly solutions while ensuring fair compensation to the content providers


Founder William Oxford and CEO David Lundgren could not be reached for comment. Last year, Lundgren declined to provide any details on Krimmeni Technologies except to say it was a “stealth-mode startup.” He also declined to identify its investors


In October 2013, Krimmeni Technologies reported raising $950,000 of a planned $1.2 million financing from four investors, SEC filings indicated. At the time, Lundgren said the capital investment would be used to fund an “initial pilot project.”


In 2012, Krimmeni Technologies reported receiving $1.2 million of a planned $1.5 million funding from four investors. At the time, the company listed Oxford as its CEO


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