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| Andigilog Closes First Round of Funding to Expand Sales and Development of Analog and Mixed-Signal ICs for PC, Mobile and Industrial Applications
CHANDLER, Ariz.--(BUSINESS WIRE)--Aug. 28, 2003-- Mission Ventures Joins Round Led by Valley Ventures BizVantage – All the Net, all the time, just for you. Andigilog, a fabless analog and mixed-signal semiconductor company that focuses on highly accurate temperature sensors for the cellular, personal computer and industrial markets, announced that it has closed a $4.2 million first round of funding. The financing was led by Valley Ventures of Scottsdale, Arizona and joined by Mission Ventures of San Diego, CA. The company intends to use the funds to market its existing products and to further expand and develop its product line. "Mission Ventures has shown strong returns and investment leadership in a number of technology markets, and we welcome the participation of such a top tier partner in our initial round of funding," said Carl Liepold, founder and CEO, Andigilog. "Andigilog will continue to ramp the demand for our highly accurate temperature sensors, a number of which are already available to and sampling at manufacturers." Mission Ventures' Robert Kibble will join Greg Adkin of Valley Ventures, outside directors Bill Pohlman and Bill Sheppard, and CEO Carl Liepold on Andigilog's board of directors. Kibble has more than 20 years of venture capital experience focusing on early-stage information technology companies. He currently serves as a director of a number of private companies, including BizRate.com, Bullrun Financial and DispenseSource. Andigilog was founded in 1996 and began shipping temperature sensors in 2001. Temperature sensors have an estimated annual market of U.S. $1 billion and are used in devices or subsystems that monitor temperature in notebook and desktop PCs, cell phones, PDAs, and peripheral devices such as printers or battery packs. Other applications include automotive electronics systems, industrial control systems, consumer devices such as DVD players, set-top boxes and games, camcorders and cameras. The company is sampling the aTS20, aTS50, aTS51 sensors and the aTS75 low-voltage, ultra low-power temperature sensor. Sample packs and cross-reference design information are available by contacting Andigilog at www.andigilog.com or by calling 480-940-6200 ext. 36. About Mission Ventures Mission Ventures, based in Southern California, helps build successful enterprises and creates superior returns on investment for its investors. This is accomplished by investing in the most promising early-stage companies in high growth, emerging markets, and providing significant assistance to those companies as they develop. The partnership brings value-added capital, experience, management talent, and guidance to the most outstanding and innovative ideas and entrepreneurs in the region. More information can be found at www.missionventures.com. About Andigilog Andigilog, a fabless semiconductor company, develops highly accurate, low power, temperature-sensing integrated circuits manufactured on standard digital CMOS process technology. Andigilog currently partners with the world's largest and most advanced chip foundries and assembly and test houses to leverage economies of scale in producing its new type of analog and mixed-signal devices. For samples or more information about Andigilog and its products, go to www.andigilog.com. All trademarks are the property of their respective owners.
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