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March 10, 2003

Woodside Fund Leads Series C Funding of Storage Processor Startup

Woodside Fund Venture Partner Rick Shriner joins the company’s
Board of Directors

Redwood Shores, Calif. – March 10, 2003 – Woodside Fund today announced it led a $20 million Series C funding round in Aristos Logic Corp., the developer of the world’s first Intelligent Storage Processor.

Woodside Fund invested $8 million along with pro-rata participation from previous investors JP Morgan Partners, TPG Ventures and QTV Capital. The round also included one additional new investor, Macnica Networks Company of Japan.

In conjunction with the investment, Woodside Fund Venture Partner Rick Shriner joined the Aristos Logic Board of Directors. Shriner is a former CEO of two startups and executive manager at several leading technology companies.

“Woodside Fund’s investment in Aristos Logic is a unique opportunity to work with a company positioned to alter and improve the networked storage landscape,” Mr. Shriner said. “Aristos Logic’s Intelligent Storage Processor technology has unprecedented levels of performance and extensive storage management capabilities. It is poised to become a de-facto standard for enterprise storage products.”

Anil Gupta, President and CEO of Aristos Logic, a fabless semiconductor company based in Foothill Ranch, Calif., looked forward to tapping the business acumen of the Woodside Fund team.

“Woodside Fund’s operational and management experience will be invaluable to Aristos Logic,” Mr. Gupta said. “We are fortunate to partner with a firm of this caliber.”

The funding will go toward production of the company’s flagship device, FibreSlice™, the first product incorporating Aristos Logic’s Intelligent Storage Processor. The company also will use the proceeds in sales, marketing and research and development.

FiberSlice™ and a companion development kit are available today. FibreSlice™ accelerates data storage applications and delivers exceptional performance and real-time traffic statistics.

Aristos Logic’s target customers are major storage vendors and leading original equipment manufacturers. The company has secured design wins from three leading storage companies and is in discussions with others.

Aristos Logic’s management team boasts many decades of technology and operations experience in the storage and networking technology fields. Aristos Logic executives have worked at companies ranging from Intel Corp., Western Digital, Arthur Andersen and Unisy, to Siemens AG, Xerox Corp., Storage Tek and Smith International Inc.

Aristos Logic, founded in February 2000 and a spin-off of Western Digital Corp., currently has 60 employees.

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About Woodside Fund
Woodside Fund is a leading venture capital firm that excels in developing seed- and early-stage technology companies. Founded in 1983, the Fund attributes its long record of success to the high value it places on building productive partnerships with entrepreneurs, investors and other service providers. Typically a lead investor, Woodside Fund invests from $5 million to $15 million in early-stage companies focused on enterprise software and network infrastructure located in Northern California and the West Coast. Woodside Fund has five funds and actively manages more than $300 million in investments. For more information, go to www.woodsidefund.com.

About Aristos Logic
Headquartered in Foothill Ranch, Calif., Aristos Logic is a leading developer of innovative, paradigm changing silicon solutions for the networked storage market. Aristos Logic is the inventor of the Intelligent Storage Processor, a technology designed to bring a whole new level of performance, manageability, flexibility and scalability to networked storage. Founded in February 2000, Aristos is staffed by industry professionals with extensive experience in System on Chip (SoC) design, hard disk drives, networked storage, RAID controllers, networking, storage management and I/O interface technologies. For further information, please visit our Web site at www.aristoslogic.com.

 

For all press related questions or comments, please contact Matt Bolton at mattb@woodsidefund.com
or phone 650.610.8050.

www.woodsidefund.com

 

                                      
 

 

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