Mobilian Corporation Closes $35 Million Series C Equity Financing

JAFCO and Dell Ventures Co-Lead; Vitesse Ventures Joins as New Investor



Apr 23, 2001, 01:00 ET from Mobilian Corporation

    PORTLAND, Ore., April 23 /PRNewswire Interactive Press Release/ --
 Mobilian Corporation, a wireless systems company that designs and develops
 integrated circuits and software, today announced the successful completion of
 a new round of private funding totaling $35 million.  Since its founding in
 February 1999, Mobilian has raised over $60 million in funding, enabling it to
 support rapid growth and accelerate the development and deployment of its
 multi-standard wireless networking products.
     JAFCO America Ventures co-led the round with Dell Ventures, with
 significant investments from Vitesse Ventures and Silicon Valley Bank
 Ventures.  Additional equity was raised from current investors including Raza
 Venture Management, Bessemer Venture Partners, SBV Ventures, Euro-America
 Fund, and Siparex Group.
     "Our first two rounds of financing have allowed us to build an impressive
 team and develop our first product, TrueRadio(TM)," said Mobilian's founder
 and CEO, Manpreet Khaira.  "This round will allow Mobilian to bring TrueRadio
 to market, and is the first major step in the company's vision of
 TrueConnectivity(TM):  to enable computing and communication devices to
 automatically detect wireless networking opportunities, select the best ones,
 and connect seamlessly and reliably," added Khaira.
     Barry Schiffman, Executive Managing Director of JAFCO Ventures, said "Our
 continuing goal is to invest in companies with the strongest management team,
 most unique value proposition, and the proven ability to execute.  Mobilian's
 clearly differentiating architecture and significant technological expertise
 has distinguished Mobilian from their competitors. We're confident that they
 will become a dominant leader in the wireless systems space."
     Mobilian is focused on addressing the increasing market demand for
 ubiquitous wireless connectivity to the Internet, corporate data and personal
 information.  The company benefits from a strong engineering background with
 leading technologists from Intel and Qualcomm, blending wireless
 communications innovations with expertise in high volume integrated circuit
 (IC) design and manufacturing.  The management team is further strengthened
 through business and marketing experience from Dell, Intel, SGI and others.
     "Mobilian's unique architecture will enable wireless local area and
 personal area networking technologies to become pervasive over the next few
 years.  Mobilian's product roadmap coupled with their expertise in designing
 multi-standard, interference tolerant radios will result in greatly improved
 user experiences with wireless networking technologies, for consumers and
 enterprises alike," said Todd Dow, Principal, Dell Ventures.  "Having the
 opportunity to invest in a strong management team focused on a value-added
 solution to a real problem combined with a proven ability to deliver was very
 important to us."
 
     About Mobilian Corporation
     Founded in February 1999, Mobilian is a wireless systems company that
 develops chips, software, and reference designs to support multiple wireless
 radio standards seamlessly and cost effectively.  Mobilian's initial products
 are focused on the Wireless Personal Area Networking (WPAN) and Wireless Local
 Area Networking (WLAN) markets.  Mobilian operates out of three sites
 (Hillsboro, OR; San Diego, CA; Yoqne'am, Israel.  For more information, go to
 the Mobilian web site at www.mobilian.com.
 
     About JAFCO Ventures
     JAFCO Ventures is a leading early stage technology firm that targets the
 IT industry using a balanced investment strategy across sectors, stages and
 geographies.  JAFCO Ventures' management team has 78 years of collective
 private equity investing, entrepreneurial and IT experience.  JAFCO Ventures
 has incubated such leading communications companies as Avanex and Monterey
 Networks and has made early stage investments in companies such as Aptis
 Communications, Brocade Communications, Digital Island, Airgate PCS, Netrail
 and Oresis Communications.  In the world of Internet infrastructure, JAFCO
 Ventures has made significant investments in such firms as eDocs, Idiom,
 Lightspan Partnership, Net Perceptions, Peakstone and Silknet Software. JAFCO
 Ventures manages combined funds of $750 million and has offices in Palo Alto,
 California and Boston, Massachusetts.  JAFCO Ventures was listed as one of the
 most successful venture capital firms in 1999 by Forbes magazine and was
 5th overall in terms of total return based post IPO performance in 1999.
 
     About Dell Ventures
     Dell Ventures is the venture capital group of
 Dell Computer Corporation (Nasdaq:   DELL).  Dell Ventures' activities provide
 Dell with a window to emerging ideas, technologies and companies that enable
 Dell to expand the products and services provided to its customers while
 improving overall customer experience.  Dell is the world's leading direct
 computer systems company, based on revenues of $32 billion for the past four
 quarters, and is a premier provider of products and services required for
 customers to build their Internet infrastructures.  The company ranks No. 48
 on the Fortune 500, No. 154 on the Fortune Global 500 and No. 10 on the
 Fortune "most admired" lists of companies.  Dell designs, manufactures and
 customizes products and services to customer requirements, and offers an
 extensive selection of software and peripherals.  Information on Dell and its
 products can be obtained on the World Wide Web at www.dell.com.  Information
 on Dell Ventures can be found at www.dellventures.com.  Dell Ventures
 maintains offices in Austin, Silicon Valley, London and Tokyo.  Since
 inception, Dell Ventures has invested in over 100 companies deploying over
 $1 billion in equity investments.
 
     Legal Notices Disclaimer:  The information in this press release is
 subject to change by Mobilian Corporation ("Mobilian") without notice.
 Trademarks Mobilian(TM), TrueRadio(TM) and TrueConnectivity(TM) are the
 property of Mobilian Corporation.  All other trademarks are provided for
 informational purposes only, and are the property of their respective owners.
 The information provided in this press release is provided "as is."
 
     CONTACT:  Jason Gedeik of New Venture Communications, 503-944-5506, or
 jasong@newventuerecom.com; or Mark Mastalir, Director, Corporate Marketing of
 Mobilian Corporation, 503-681-8600, ext. 235, or mark.mastalir@mobilian.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X06922240
 
 

SOURCE Mobilian Corporation
    PORTLAND, Ore., April 23 /PRNewswire Interactive Press Release/ --
 Mobilian Corporation, a wireless systems company that designs and develops
 integrated circuits and software, today announced the successful completion of
 a new round of private funding totaling $35 million.  Since its founding in
 February 1999, Mobilian has raised over $60 million in funding, enabling it to
 support rapid growth and accelerate the development and deployment of its
 multi-standard wireless networking products.
     JAFCO America Ventures co-led the round with Dell Ventures, with
 significant investments from Vitesse Ventures and Silicon Valley Bank
 Ventures.  Additional equity was raised from current investors including Raza
 Venture Management, Bessemer Venture Partners, SBV Ventures, Euro-America
 Fund, and Siparex Group.
     "Our first two rounds of financing have allowed us to build an impressive
 team and develop our first product, TrueRadio(TM)," said Mobilian's founder
 and CEO, Manpreet Khaira.  "This round will allow Mobilian to bring TrueRadio
 to market, and is the first major step in the company's vision of
 TrueConnectivity(TM):  to enable computing and communication devices to
 automatically detect wireless networking opportunities, select the best ones,
 and connect seamlessly and reliably," added Khaira.
     Barry Schiffman, Executive Managing Director of JAFCO Ventures, said "Our
 continuing goal is to invest in companies with the strongest management team,
 most unique value proposition, and the proven ability to execute.  Mobilian's
 clearly differentiating architecture and significant technological expertise
 has distinguished Mobilian from their competitors. We're confident that they
 will become a dominant leader in the wireless systems space."
     Mobilian is focused on addressing the increasing market demand for
 ubiquitous wireless connectivity to the Internet, corporate data and personal
 information.  The company benefits from a strong engineering background with
 leading technologists from Intel and Qualcomm, blending wireless
 communications innovations with expertise in high volume integrated circuit
 (IC) design and manufacturing.  The management team is further strengthened
 through business and marketing experience from Dell, Intel, SGI and others.
     "Mobilian's unique architecture will enable wireless local area and
 personal area networking technologies to become pervasive over the next few
 years.  Mobilian's product roadmap coupled with their expertise in designing
 multi-standard, interference tolerant radios will result in greatly improved
 user experiences with wireless networking technologies, for consumers and
 enterprises alike," said Todd Dow, Principal, Dell Ventures.  "Having the
 opportunity to invest in a strong management team focused on a value-added
 solution to a real problem combined with a proven ability to deliver was very
 important to us."
 
     About Mobilian Corporation
     Founded in February 1999, Mobilian is a wireless systems company that
 develops chips, software, and reference designs to support multiple wireless
 radio standards seamlessly and cost effectively.  Mobilian's initial products
 are focused on the Wireless Personal Area Networking (WPAN) and Wireless Local
 Area Networking (WLAN) markets.  Mobilian operates out of three sites
 (Hillsboro, OR; San Diego, CA; Yoqne'am, Israel.  For more information, go to
 the Mobilian web site at www.mobilian.com.
 
     About JAFCO Ventures
     JAFCO Ventures is a leading early stage technology firm that targets the
 IT industry using a balanced investment strategy across sectors, stages and
 geographies.  JAFCO Ventures' management team has 78 years of collective
 private equity investing, entrepreneurial and IT experience.  JAFCO Ventures
 has incubated such leading communications companies as Avanex and Monterey
 Networks and has made early stage investments in companies such as Aptis
 Communications, Brocade Communications, Digital Island, Airgate PCS, Netrail
 and Oresis Communications.  In the world of Internet infrastructure, JAFCO
 Ventures has made significant investments in such firms as eDocs, Idiom,
 Lightspan Partnership, Net Perceptions, Peakstone and Silknet Software. JAFCO
 Ventures manages combined funds of $750 million and has offices in Palo Alto,
 California and Boston, Massachusetts.  JAFCO Ventures was listed as one of the
 most successful venture capital firms in 1999 by Forbes magazine and was
 5th overall in terms of total return based post IPO performance in 1999.
 
     About Dell Ventures
     Dell Ventures is the venture capital group of
 Dell Computer Corporation (Nasdaq:   DELL).  Dell Ventures' activities provide
 Dell with a window to emerging ideas, technologies and companies that enable
 Dell to expand the products and services provided to its customers while
 improving overall customer experience.  Dell is the world's leading direct
 computer systems company, based on revenues of $32 billion for the past four
 quarters, and is a premier provider of products and services required for
 customers to build their Internet infrastructures.  The company ranks No. 48
 on the Fortune 500, No. 154 on the Fortune Global 500 and No. 10 on the
 Fortune "most admired" lists of companies.  Dell designs, manufactures and
 customizes products and services to customer requirements, and offers an
 extensive selection of software and peripherals.  Information on Dell and its
 products can be obtained on the World Wide Web at www.dell.com.  Information
 on Dell Ventures can be found at www.dellventures.com.  Dell Ventures
 maintains offices in Austin, Silicon Valley, London and Tokyo.  Since
 inception, Dell Ventures has invested in over 100 companies deploying over
 $1 billion in equity investments.
 
     Legal Notices Disclaimer:  The information in this press release is
 subject to change by Mobilian Corporation ("Mobilian") without notice.
 Trademarks Mobilian(TM), TrueRadio(TM) and TrueConnectivity(TM) are the
 property of Mobilian Corporation.  All other trademarks are provided for
 informational purposes only, and are the property of their respective owners.
 The information provided in this press release is provided "as is."
 
     CONTACT:  Jason Gedeik of New Venture Communications, 503-944-5506, or
 jasong@newventuerecom.com; or Mark Mastalir, Director, Corporate Marketing of
 Mobilian Corporation, 503-681-8600, ext. 235, or mark.mastalir@mobilian.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X06922240
 
 SOURCE  Mobilian Corporation