Bergana Communications Secures $12 Million 1st Round; Funding Co-Led by Mobius Venture Capital, Blueprint Ventures and Advanced Technology Ventures.

Business Editors/High-Tech Writers

PALO ALTO, Calif.--(BUSINESS WIRE)--Dec. 5, 2001

Bergana Communications, a company developing highly integrated semiconductor solutions for broadband wireless applications, today announced it has secured $12 million in its first round of funding. This first round funding was co-led by Mobius Venture Capital (formerly SOFTBANK Venture Capital), Blueprint Ventures and Advanced Technology Ventures. Bergana's executive management team includes: Bruce Sanguinetti, former president of Speedcom Wireless and former president and a co-founder of BreezeCOM; Ramesh Harjani, a widely recognized authority on CMOS RF; and Jaekyun Moon, a widely recognized authority on communication and signal processing technologies. Prior to founding Bergana, Drs. Harjani and Moon led extensive academic and applied research programs in their respective fields as tenured professors at the University of Minnesota.

"Bergana intends to apply its patent-pending CMOS OFDM technology to deliver wireless semiconductor solutions that offer unmatched performance, cost-effectiveness and flexibility," said Bruce Sanguinetti, chief executive officer of Bergana. "We are excited to have the support of such top-tier VCs as Mobius Venture Capital, Blueprint Ventures and Advanced Technology Ventures in our mission to deliver this cornerstone technology for the next generation of broadband wireless data products and services."

This financing is expected to allow the company to complete the development of its initial products, which will be highly integrated CMOS system-on-a-chip solutions (including RF, Modem, and MAC) that implement the IEEE 802.11a wireless LAN standard or the IEEE 802.16 wireless broadband access standard. As part of this round of funding, Greg Galanos, managing director at Mobius Venture Capital; Brian Kinard, partner at Blueprint Ventures; and Wes Raffel, general partner at Advanced Technology Ventures, will join the company's board of directors.

"By combining industry-leading expertise in radio frequency CMOS circuit designs with enhanced coding algorithms, Bergana Communications will overcome current limitations of wireless semiconductor devices. The net result will be a generational leap in the performance of wireless devices," said Galanos. "The executive team's substantial business experience provides Bergana with access and understanding of key customer requirements that are necessary to building the next generation of high speed wireless chipsets."

"Bergana Communications is poised to be a leader in the burgeoning wireless LAN market, of which 802.11a and other OFDM solutions will be clear winners," said Kinard. "We are proud to be involved with such an impressive technology offering and management team as Bergana Communications."

"Advanced Technology Ventures is very excited to be investing in Bergana Communications' OFDM wireless chipset platform," said Raffel. "The emerging 802.11a market is an excellent entry point to showcase Bergana's technological advantages. We are very excited to work with the company's world-class team and an exceptional investor syndicate."

About Bergana Communications

Bergana Communications designs and supplies OFDM-based ("orthogonal frequency division multiplexing") semiconductor solutions for wireless communications applications. By utilizing the company's patent-pending CMOS OFDM technology, Bergana will deliver wireless semiconductor solutions that offer unmatched performance, cost-effectiveness and flexibility. The company's investors include SBVC, Blueprint Ventures and Advanced Technology Ventures. Bergana was founded in early 2001 with headquarters in Palo Alto, Calif. and a design center in Minnetonka, Minn.

About Mobius Venture Capital

With offices in Mountain View, Calif. and Superior, Colo., Mobius Venture Capital, formerly SOFTBANK Venture Capital, is a $2.5 billion U.S.-based private equity venture capital firm managed by an unparalleled team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders from the investment banking community. Mobius Venture Capital specializes primarily in early-stage investments in the areas of: communications systems software and services; infrastructure software and services; professional services; enterprise applications; healthcare informatics; consumer and small business applications; components; and emerging technologies. Mobius Venture Capital combines its technology expertise and broad financial assets with the industry's best entrepreneurs to create a powerhouse portfolio of over 100 of the world's leading high technology companies. For more information on the fund's investment team, technology vision and portfolio companies, please visit www.mobiusvc.com.

About Blueprint Ventures

Blueprint Ventures is a leading next-generation venture capital firm focused on working with entrepreneurs to build exceptional communications companies. The Blueprint partners have held senior operational roles in equipment, component, software, and service provider companies; structured hundreds of deals; created new markets in communications; lead communications companies from the early stages; and received communications technology patents. Previous successes include Ascend, Avanex, Centrum, Compaq, CopperCom, Copper Mountain, Covad, Excite@Home, GlobeSpan, Madge, Media Metrix, N2K, NorthPoint, Red Brick Systems, Tut Systems and XROS. Blueprint's portfolio includes Atreus Systems, Avail Networks, BayPackets, Bergana Communications, CopperCom, infolio, Oresis, Teja Technologies and Tunable Photonics. Committed to a classic venture capital model, the firm invests early in outstanding people, breakthrough technologies, and nascent markets, in a diversified manner across the communications landscape. Additional information is available at www.blueprintventures.com.

About Advanced Technology Ventures

Founded in 1979, Advanced Technology Ventures is a leading venture capital firm whose management experience, technology expertise, global network of industry contacts and collaborative style has helped more than 120 companies navigate from inception to IPO and beyond. With approximately $1.5 billion currently under management, Advanced Technology Ventures' investment philosophy centers on collaborative, active participation with the management teams of its portfolio companies. More information can be obtained at www.atvcapital.com.