Zeevo Secures $25.5 Million Third Round Funding Led by Dell Ventures

Emerging Leader in Semiconductor System-on-Chip (SoC) Solutions

For the Communications Market Obtains Significant Backing for Enhancing

Growth and Product Development Efforts



Apr 03, 2001, 01:00 ET from Zeevo, Inc.

    SANTA CLARA, Calif., April 3 /PRNewswire/ -- Zeevo, Inc., a privately held
 fabless semiconductor provider of complete SoC solutions for the
 communications market, today announced it has closed its third round of
 funding with $25.5 Million in equity financing.  The round is led by Dell
 Ventures.
     Other new investors include Capital Research and Management Company and
 Charter Growth Capital.  Previous investors Sequoia Capital and Raza Venture
 Fund also made significant investments this round.
     The company said it expects to use the money to expand sales, marketing,
 and operations talent for ramping their first product line -- a Bluetooth(TM)
 SoC solution to production.  To date, Zeevo has raised about $42 Million.
     "We are very excited to attract such a strong group of investors,
 including Dell Ventures, to our shareholder base," said Anil Aggarwal,
 President and CEO of Zeevo, Inc.  "We continue to add high quality, value
 added investors to our already top tier list of investors such as Sequoia
 Capital and Raza Venture Fund.  We have a great mix of strategic and financial
 investors who are especially important to us in these growth stages of our
 company."
     "We believe that Zeevo is positioned well to be a market leader in the
 Bluetooth silicon market.  We were very impressed with their execution so
 far," said Todd Dow from Dell Ventures.  "With its aggressive roadmap and
 impressive design team, we believe that Zeevo is very well positioned to
 secure an important position in providing solutions for the wireless
 communications market."
 
     About Zeevo
     Zeevo, Inc. is a privately owned, fabless semiconductor provider of
 "system-on-a-chip" (SoC) solutions for the communications industry.  The
 company was founded in 1999 to "Enabling Pervasive Connectivity(TM)", which
 means staying connected anytime, anywhere in order to have a true "Personal
 Web" that can be carried with you at all times.  Zeevo's technology provides
 the industry's most integrated CMOS solutions as well as a full range of
 software and development tools for mass-market applications.   For more
 information, see our web site at www.zeevo.com.
 
     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 improve and expand the products and services provided to its
 customers.  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. 56 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.
 
     About Charter Growth Capital
     Charter Growth Capital provides venture capital for quality expansion
 stage companies in information technology.  Companies in the expansion stage
 are those that have finished their initial product development, generated
 revenue, and begun to expand the marketing of their products or services. The
 fund is particularly interested in companies in the areas of enterprise
 software services, communications, and electronic commerce.  Charter Growth
 Capital has invested with a wide range of successful firms such as
 AgileSoftware, CommerceOne, Interwoven, Pixelworks, and Copper Mountain
 Networks.
 
     NOTE:  Enabling Pervasive Connectivity is the registered trademark owned
 by Zeevo, Inc. Santa Clara, CA, USA.
     Bluetooth(TM) is the registered trademark owned by Telefonaktiebolaget LM
 Ericsson, Sweden.
 
 

SOURCE Zeevo, Inc.
    SANTA CLARA, Calif., April 3 /PRNewswire/ -- Zeevo, Inc., a privately held
 fabless semiconductor provider of complete SoC solutions for the
 communications market, today announced it has closed its third round of
 funding with $25.5 Million in equity financing.  The round is led by Dell
 Ventures.
     Other new investors include Capital Research and Management Company and
 Charter Growth Capital.  Previous investors Sequoia Capital and Raza Venture
 Fund also made significant investments this round.
     The company said it expects to use the money to expand sales, marketing,
 and operations talent for ramping their first product line -- a Bluetooth(TM)
 SoC solution to production.  To date, Zeevo has raised about $42 Million.
     "We are very excited to attract such a strong group of investors,
 including Dell Ventures, to our shareholder base," said Anil Aggarwal,
 President and CEO of Zeevo, Inc.  "We continue to add high quality, value
 added investors to our already top tier list of investors such as Sequoia
 Capital and Raza Venture Fund.  We have a great mix of strategic and financial
 investors who are especially important to us in these growth stages of our
 company."
     "We believe that Zeevo is positioned well to be a market leader in the
 Bluetooth silicon market.  We were very impressed with their execution so
 far," said Todd Dow from Dell Ventures.  "With its aggressive roadmap and
 impressive design team, we believe that Zeevo is very well positioned to
 secure an important position in providing solutions for the wireless
 communications market."
 
     About Zeevo
     Zeevo, Inc. is a privately owned, fabless semiconductor provider of
 "system-on-a-chip" (SoC) solutions for the communications industry.  The
 company was founded in 1999 to "Enabling Pervasive Connectivity(TM)", which
 means staying connected anytime, anywhere in order to have a true "Personal
 Web" that can be carried with you at all times.  Zeevo's technology provides
 the industry's most integrated CMOS solutions as well as a full range of
 software and development tools for mass-market applications.   For more
 information, see our web site at www.zeevo.com.
 
     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 improve and expand the products and services provided to its
 customers.  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. 56 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.
 
     About Charter Growth Capital
     Charter Growth Capital provides venture capital for quality expansion
 stage companies in information technology.  Companies in the expansion stage
 are those that have finished their initial product development, generated
 revenue, and begun to expand the marketing of their products or services. The
 fund is particularly interested in companies in the areas of enterprise
 software services, communications, and electronic commerce.  Charter Growth
 Capital has invested with a wide range of successful firms such as
 AgileSoftware, CommerceOne, Interwoven, Pixelworks, and Copper Mountain
 Networks.
 
     NOTE:  Enabling Pervasive Connectivity is the registered trademark owned
 by Zeevo, Inc. Santa Clara, CA, USA.
     Bluetooth(TM) is the registered trademark owned by Telefonaktiebolaget LM
 Ericsson, Sweden.
 
 SOURCE  Zeevo, Inc.