Raza announced the completion of a $20 million round of financing led by Advanced Equities Financial Corp.

April 5, 2006

2 Min Read

CUPERTINO, Calif. -- Raza Microelectronics, Inc. (RMI®), a worldwide leader in advanced silicon solutions for the next generation Information Infrastructure, today announced the completion of a $20 million round of financing led by Advanced Equities Financial Corp. This funding will accelerate RMI's marketing and sales expansion in North America, Europe and Asia and build on the significant customer momentum the company has enjoyed over the last year.

Joining lead investor Advanced Equities Financial Corp. in this round of funding are existing RMI investors, Warburg Pincus, Benchmark Capital, Duff Ackerman & Goodrich and Kodiak Venture Partners.

"RMI has created a position of market leadership in a short period of time and we are thrilled to be a shareholder in such a technically advanced, rapidly growing semiconductor company," said Keith Daubenspeck, Chairman and Co-founder of Advanced Equities Financial Corp. "The impressive depth and breadth of their worldwide customer base and technology uniqueness confirms that RMI is extremely well positioned to further its lead in the next-generation Security, Wireless and Networking markets."

Commenting on the new financing, Beau Vrolyk, a Warburg Pincus managing director, said: "This round of funding will help drive the company's expansion with strategic customers and we look forward to RMI's continued success in the market."

Bruce Dunlevie, general partner of Benchmark Capital, added, "We are pleased to welcome Advanced Equities as an investor in RMI, and Advanced Equities' track record of identifying and supporting pre-public market leaders as another important endorsement of RMI's past success and strong future prospects."

"This financing reinforces RMI's position in the industry, and confirms to our customers that their choice of RMI as a supplier has been validated yet again by the capital markets," said S. Atiq Raza, chief executive officer, Raza Microelectronics, Inc. "As the leader in silicon solutions for the next generation Information Infrastructure, we continue to invest in technical advancements, expand our market coverage, and deliver exceptional customer support, growing our market position and ensuring our customers' success."

Raza Microelectronics Inc.

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