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December 9, 2002

Woodside Fund Co-Founds and Leads Investment in Series ‘A’ for Analogix Semiconductor

Startup Breaks Through Design and Performance Barriers

Redwood Shores, CA – Woodside Fund is the founding venture capital firm and the lead investor in a $9.85 Series ‘A’ Round for Analogix Semiconductor. Analogix is a fabless semiconductor company specializing in analog and mixed-signal integrated circuit technologies. The Company offers breakthrough design solutions for achieving fiber performance over standard copper, thereby improving the effectiveness and efficiency of a broad range of networking, storage, and server systems. Participating with Woodside Fund in this round is co-lead investor Doll Capital Management. IDG Technology Ventures also participated in the round.

System vendors are looking for cost-efficiency and scalability in their existing networks and storage systems, but are constrained by the costs of major systems upgrades. Analogix increases the cost-performance of customers’ existing backplanes and VSR systems interconnect applications with its 10Gbps transceivers, allowing system vendors to cost effectively upgrade their current systems.

Daniel Ahn, Managing Director of Woodside Fund, who worked with the Woodside Fund team and the founders to initiate this venture, joined Analogix’s Board of Directors. He stated, “It is very exciting to be building a truly scalable and innovative business with such outstanding technical and entrepreneurial talent, beginning with a technical team lead by technologist Dr. Yang. We envision Analogix bringing great value to its customers; and see our partnership with Analogix and their technology platform leading to many other breakthrough applications.” He adds, “Doll Capital Management is a highly compatible co-lead on this round for Analogix. They have significant and specific expertise and resources to offer early stage companies in this space.”

Peter Moran, General Partner of Doll Capital Management who is also joining the Board remarked, “We are pleased to be working with Woodside Fund. They are great partners with an in-depth understanding of what it takes to build a company in this space.” Dr. Yang will serve as Analogix’s acting CEO and technology visionary. He commented, “I regard Woodside Fund as a trusted partner. I am delighted to be working closely with the Woodside Fund team.”

Idea for New Semiconductor Solution Sparked by Woodside Fund

Analogix’s inception was co-conceived by Woodside Fund, while seeking a solution to a real customer need in the area of physical layer semiconductors. This space appealed to the Fund because of the scarcity of design expertise and customer-based resources in this space, which creates both a high barrier to entry and exceptional customer value. The Fund recruited Dr. Yang to help build a leading company. Dr. Yang was formerly a VP of Engineering and lead technical contributor at HotRail, a fabless semiconductor company that Woodside Fund funded and helped develop. He brings over 15 years of analog and mixed signal circuit design experience to the direction of Analogix.

Early on in the life of Analogix, extensive customer research was conducted by Woodside Fund to validate the market for a 10Gbps copper-based interconnect. The Fund engaged a marketing executive to meet with customers for 5 months to validate customer demand. Once the need and demand was established, the technical team proved the technical feasibility of his innovative designs, and the company is moving swiftly forward in delivering its first product.

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.






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