Solidcore Systems empowers OEM market with control solutions for embedded systems.

Solidcore Closes $20M Funding to Grow Sales and Marketing

PALO ALTO, Calif. - February 22, 2005 - Solidcore Systems, Inc., the leading developer of control solutions for embedded systems , today announced that it has secured $20 million in funding to broaden market adoption of its software technology. Leading the current investment round is Menlo Ventures, joined by existing investors Matrix Partners and Sevin Rosen Funds.

"Solidcore's control solutions for embedded devices, appliances, and applications empower our OEM partners to assure the stability and improve the security of their offerings," said Rosen Sharma , president and CEO of Solidcore. "Solidcore's unique value is that it delivers total control, yet does not require any initial configuration or on-going monitoring. It is also deployable on a wide range of hardware and software products since it introduces minimal system overhead and has a very small footprint."

He added, "With our solutions, OEM partners can realize significant business value by reducing support costs, increasing margins, and realizing proven, measurable, and repeatable value for themselves and their customers alike. We are pleased to work with key venture capitalists to accelerate our growth by initially introducing our solution to the embedded market."

Menlo Ventures provides long-term capital and management support to early-stage and emerging-growth companies like Solidcore Systems. "We look for innovative companies that have the ability to become leaders in new and fast-growing markets", said Sonja Hoel, managing director of Menlo Ventures. "Solidcore fits that description perfectly. They have developed a unique product that solves a widespread and serious problem. We are really excited about the company's possibilities."

Matrix Partners helps founders and management teams build the great companies and new industries of tomorrow. "Solidcore has the ideal characteristics we look for when investing: experience, talent, opportunity, and innovation", said Shirish Sathaye, general partner of Matrix Partners. "The technology they have developed fulfills an unmet need in several large markets."

The partners at Sevin Rosen Funds help entrepreneurs develop their high-technology concepts into well-managed, successful businesses. According Sevin Rosen Funds, general partner, Nick Sturiale, "We initially incubated Solidcore because we recognized the innovation in their approach and wanted them to develop the technology. We came back to invest again because we firmly believe that their solution will have a broad impact on the market."

About Solidcore
Solidcore Systems, Inc. is the leading provider of control solutions for embedded devices, appliances, and applications that assure stability and improve security of OEM offerings. Solidcore's innovative technology empowers partners to realize significant business value by reducing support costs, increasing margins, and realizing proven, measurable, and repeatable value for themselves and their customers alike. Solidcore Systems is a private, venture-backed enterprise software company headquartered in Palo Alto , California. For more information, visit www.solidcore.com.

About Menlo Ventures
As one of Silicon Valley 's oldest venture capital partnerships, Menlo Ventures has organized and managed nine venture funds since their inception in 1976. With over $2.7 billion under management, and a team with over one hundred years of collective experience in technology, marketing, sales, and general management, Menlo Ventures has the resources to support the most ambitious of projects. For more information, visit www.menloventures.com .

About Matrix Partners
Since its inception in 1977, Matrix Partners has been dedicated to helping outstanding entrepreneurs build successful companies. The firm brings its collective resources to each investment, giving access to all of its experience. This approach has propelled Matrix Partners to be the most successful venture firm in the United States during the last ten years. Its last three partnerships have enjoyed record-setting returns. For more information, visit www.matrixpartners.com .

About Sevin Rosen Funds
Founded in 1981, Sevin Rosen Funds is a top-tier venture capital firm with a successful track record with early-stage ventures. Over the past 21 years, SRF has employed a unique blend of technical vision and operational expertise to identify, at a very early stage, the potential of such companies as Compaq, Lotus Development, Cypress Semiconductor, Citrix, CIENA, and Capstone Turbine. For more information, visit www.srfunds.com .

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