SUNNYVALE, Calif., April 23, 2001--
Atheros Communications, Inc. has closed its third round of financing in the amount of $66.7 million. The lead investor for this
round of funding is Fidelity Management & Research Company. Other new investors include Bowman Capital, Evercore Ventures,
Levensohn Capital Management, Mitsubishi International Corp., Presidio Venture Partners, Proxim Inc., Sumitomo Corp. and TDK Corp.
Leading investors from previous rounds, including August Capital, Foundation Capital, New Enterprise Associates and InveStar
Semiconductor Development, also participated in the latest financing.
The company's breakthrough "Radio-on-a-Chip" technology is dedicated to driving transparent connectivity between all computing,
communications, video and audio devices in the office, in the home, and in public places. Atheros has now raised $98.3 million
in three rounds of funding.
"Atheros' sizable round in current private market conditions is a strong endorsement of an innovator in a rapidly growing
wireless market," said Louis Gerhardy, semiconductor analyst at Morgan Stanley. "The utility of wireless devices is opening
many new opportunities in the business and home markets, creating tremendous growth opportunities. Atheros' 802.11a offering
demonstrates an impressive level of RF integration on mainstream CMOS technology, and positions the company to be a leader in
the rapidly growing wireless market."
"Just as the cell phone has made wireless voice commonplace, ubiquitous wireless data connectivity is right around the corner,"
said Rich Redelfs, president and chief executive officer at Atheros. "Having radically rearchitected the radio, Atheros is about
to make high-speed wireless data widely and economically available-- in offices, homes and schools, and for public access in
airports, hotels, coffee shops, etc."
The new capital will help Atheros deliver the world's first two-chip, all-CMOS, end-to-end solution for IEEE 802.11a, 5-GHz
wireless LANs. The Atheros AR5000 chipset supports the IEEE 802.11a maximum data rate of 54 Mbps, and can also provide speeds up
to 72 Mbps in "Atheros turbo" mode. Initial products are sampling now, with volume scheduled to ship this summer.
Atheros Communications was founded in May 1998 by leading experts in radio and signal processing from Stanford University,
the University of California at Berkeley, and private industry. The company's founding mission is to provide wireless networking
technologies that drive transparent connections between all computing, communications, audio and video devices in the office
and the home. Atheros has raised a total of $98.3 million in three rounds of funding. The company currently employs more than
120 people and has filed more than 40 wireless technology patents.
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Atheros
and the Atheros logo are registered trademarks of Atheros Communications, Inc.
All other trademarks mentioned in this document are the property of their
respective owners.
Cheryl Patstone, 408-773-5344, cheryl@atheros.com
or Greg Wood, A&R Partners, 650-762-2838, gwood@arpartners.com.
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