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CadMOS Secures $5 Million in Second Round Funding; Andrew Yang Added to the Company's Board of Directors.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 3, 2000

CadMOS Design Technology, Inc., a leading supplier of noise analysis solutions for integrated circuit designers, today announced that it has received second round funding in excess of $5 million.

Venture capital investors include Allegro Capital and U.S. Venture Partners (USVP); corporate investors include Intel Corporation; and individual investors include Andy Bechtolsheim and Andrew Yang, veterans of the electronic design automation (EDA) industry.

In addition, Andrew Yang will join Lucio Lanza, general partner at USVP, and Charlie Huang, founder, CEO and Chairman of CadMOS, on the CadMOS board of directors.

This second round of financing supplements CadMOS' 1997 initial equity funding of $3 million from USVP and private investors. CadMOS will use the investment funds to expand its marketing, sales and support activities; and to add additional solutions to its product portfolio.

"We are very pleased to have received investments from these EDA industry experts and other investors," commented Charlie Huang, CEO and Chairman of CadMOS.

"Designing high-speed, complex, high yielding designs is becoming increasingly challenging due to the electrical side effects imposed by deep submicron processes," said Andrew Yang. "In particular, integrating analog and digital components into a 'system-on-chip' means dealing with the noise issues that arise due to the fast switching digital circuits. CadMOS, with its electrical analysis expertise, is uniquely positioned to provide solutions that assist designers in clearing these tough hurdles."

"We believe that CadMOS, with its very strong technical expertise and strategic vision, is well positioned to be a significant player in the next generation of semiconductor tools companies," stated Po Chi Wu, general partner at Allegro Capital, Inc.

About the Investors

About Allegro

Allegro Capital, Inc., based in San Francisco, is a private venture capital firm that invests in rapidly growing information technology companies throughout the U.S. To its portfolio companies, Allegro adds value by providing access to strategic resources in Asia, especially in Taiwan, which product development, high quality, low-cost manufacturing and marketing support. Their portfolio companies include Veridicom, Inc.; Portola Dimensional Systems; Siros Technologies; TiVo, which recently went public; PhotoAccess.com; Infogear and At-Motion, Inc.

About Andrew Yang

Dr. Andrew Yang was an Associate Professor at the University of Washington (Seattle). He later served as executive vice-president of the Analysis Products Division of Avant! Corporation. He is the founder of Anagram, Inc. which later merged with Avant!. Currently, Dr. Yang is an active investor and advisor to EDA start-ups in the areas of physical verification, physical optimization and logic verification. He holds a Ph.D. degree from the University of Illinois (Urbana Champaign, Ill.).

About USVP

U.S. Venture Partners is a leading Silicon Valley venture capital firm that invests in early stage information technology and health care companies. Since its inception in 1981, U.S. Venture Partners has raised more than $650 million in equity capital in five funds and invested over $500 million in 212 companies. USVP was the founding seed capital investor in Sun Microsystems, and Bill Bowes, USVP's founding partner, was also the founder of Amgen, Inc. In the past three years, a total of 17 USVP portfolio companies have had initial public offerings including Artisan Components, EPIC Design Technology, MMC Networks, NeoMagic, 3Dfx Interactive, and Xylan. These 17 IPOs raised more than $700 million and have a current market capitalization of over $4.5 billion. USVP's web site is at http://www.usvp.com/.

About CadMOS Design Technology, Inc.

CadMOS was founded in August 1997 by CAD and design experts from IBM and Synopsys/EPIC. The company is privately held, and is headquartered in San Jose. CadMOS provides premium solutions to the electrical problems found in leading edge IC designs. CadMOS sells its products directly in the U.S. and through a distributor, Marubeni Solutions, in Japan. CadMOS is located at 111 North Market, Suite 440, San Jose, CA 95113, USA. Telephone: 408/795-1212. Fax: 408/795-1210. Email: info@cadmos.com. Website: http://www.cadmos.com.

Note to Editors: Quotes: Dr. Charlie Huang, 408/795-1212 x510; Dr. Andrew Yang, 425/401-5064; Dr. Po Chi Wu, 415/623-2000.
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Publication:Business Wire
Date:Jan 3, 2000
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