Wisair secures $24 million D-Round funding for Wireless USB technology

Advent Ventures is company’s first European investor

London, 26 February 2008 – Advent Venture Partners (“Advent Ventures”) today announces its investment in the $24m Series D funding of Campbell, CA based Wisair. Wisair is a leading developer of the next generation Wireless USB (W-USB) technology which brings high-speed wireless connectivity to a wide range of USB devices such as PC peripherals, digital cameras and laptops. Advent Ventures, the only European investor in the company, is joined by Susquehanna Growth Equity, Yasuda Ventures and Bridge Capital Fund of Japan (an affiliate of Nikko Antfactory) in this round of funding, which follows previous investments totalling $48m. Also taking part in the investment round are Wisair’s existing investors, including Apax Partners, Broadcom, Intel Capital, Vertex, and Zisapel brothers from the RAD group.

Wisair’s industry leading W-USB technology, the first available in single chip form, brings its customers a significant cost advantage. The standards based technology will transform the market for personal communication connectivity solutions by allowing data transfer speeds of up to 480 megabits per second connectivity within a 10 meter radius.

Commenting on this round of investment, Martin McNair, General Partner at Advent Ventures, said: “We were drawn to Wisair because of its exceptional record of delivering high frequency mixed signal CMOS solutions on time and to specification. Wisair’s market ready single chip technology is poised to play a major role in the W-USB market, which is now fully set to experience rapid growth over the next few years. We look forward to working with Wisair and helping them develop technology partnerships in Europe”.

David Yaish, CEO of Wisair, said: “We are pleased to welcome Advent Ventures, our first European investor, on board in this funding round. Advent Ventures has backed many innovative companies in the technology sector and its invaluable network of distributors and existing portfolio companies, will assist us as we move into European markets.”

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For further information please contact:
Penrose Financial
Kay Larsen / Francesca Reville
+44 20 7786 4888

Notes to editors:

About Advent Ventures
Advent Ventures is one of the most experienced venture capital firms in Europe. Established in 1981 it invests in both the Technology and Life Sciences sectors. Advent Ventures has raised over $1 billion from institutional investors across Europe and the USA since 1998. Advent Ventures’ Technology investments include Ubiquisys (fixed-mobile convergence technology), Snell & Wilcox (digital media), Echovox (mobile media solutions), Qype (local review website) and Dailymotion (video sharing website). For further information, see www.adventventures.com

About Wisair
Wisair is a fabless semiconductor company providing Ultra Wideband (UWB) and Certified Wireless USB solutions based on its CMOS single chip. Adopted by leading brands around the world, Wisair’s host and device solutions are recognized for their superior coverage, range and throughput. For more information, visit www.wisair.com.

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