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Analogix Semiconductor Closes $9.85M Series A Funding Leading Venture Capitalists Endorse Analogix's Copper Interconnect Solutions Santa Clara, CA - November 20, 2002 - Analogix Semiconductor, a fabless semiconductor company specializing in mixed-signal design, today announced that it has secured $9.85M in Series A financing. The round was co-led by Woodside Fund and DCM - Doll Capital Management with additional participation coming from IDG Technology Venture. The investment will allow Analogix to bring its innovative copper interconnect IC solutions to market. Daniel Ahn, Managing Director of Woodside Fund and Analogix Board member, stated, "In the midst of a soft technology market, it is very exciting and heartening to be building a truly scalable and innovative business with such outstanding technical and entrepreneurial talent." Peter Moran, General Partner of DCM who is also joining the Board remarked, "Analogix's semiconductor solutions solve two problems that system designers face today - how to extend the life of existing systems and how to reduce system interconnect costs." In today's economic environment, system vendors are focused on generating incremental revenue while their customers are trying to squeeze as much as possible out of their existing resources. While these can be competing forces, smart system upgrade programs and targeted cost reductions can allow them to co-exist. The problem is that current IC solutions that deal with inter-system or backplane communication have reached performance, distance and signal integrity limits that prevent these upgrades or cost reductions. Analogix has developed new IC approaches that guarantee higher performance over existing backplanes and generate fiber performance of copper media to dramatically reduce system interconnect costs. About Analogix Semiconductor Analogix Semiconductor is a fabless semiconductor company specializing in mixed-signal solutions that enable high-performance, cost-effective system interconnect over copper media. For more information on Analogix, please visit our website at www.analogix.com. About Woodside Fund Woodside Fund is a leading venture capital firm that excels in developing early stage technology companies. Founded in 1983, the Fund attributes its successful track record to the high value it places on building productive partnerships with entrepreneurs, investors and other resource providers. Typically serving as lead investor, Woodside Fund invests from $5 to $15 million in early stage companies focused in the areas of enterprise software and network infrastructure, located in Northern California and the West Coast. Woodside Fund has four funds with over $250 million under active management. For more information on Woodside Fund, please visit www.woodsidefund.com. About DCM - Doll Capital Management DCM - Doll Capital Management is a top-performing venture capital firm dedicated to funding and supporting entrepreneurs building early-stage technology companies. Armed with over a century of operational and investing experience, DCM's six partners - Tom Blaisdell, David Chao, Dixon Doll, Eric Gonzales, Peter Moran, and Rob Theis - have funded some of the world's leading technology companies, including 51job, Centillion Networks, Foundry Networks (Nasdaq:FDRY), Internap (Nasdaq:INAP), IPivot (Intel), Luminous Networks, UUNet (Worldcom) and Vernier Networks. The DCM team offers portfolio companies hands-on operational guidance, as well as access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. Currently investing from its third fund, DCM is actively seeking entrepreneurs building world-class information technology companies in the communications, networking, software, services and Internet sectors. For more information on DCM, visit www.dcmvc.com or call (650) 233-1400. About IDG Technology Venture Founded in 1992, IDG Technology Venture was the first foreign venture fund in China with support from IDG's global resources in technology media and information services. A $200 million dollar fund, IDGVC invests in early stage companies in both China and Silicon Valley. IDGVC invests from $1 to $10 million in the areas of telecommunications, networking, Internet, information services, and software. One of IDGVC's greatest strengths is its close relationship with entrepreneurs as well as various government entities. Contact Information ### |
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© 2005, Analogix Semiconductor, Inc. All rights reserved. |
