Xceive’s Secures $10.5 Million in Funding

Company Completes Oversubscribed Series B Financing.

SANTA CLARA, Calif., January 27, 2004 – Xceive, a leading-edge developer of RF-to-baseband receiver ICs for TVs, cell phones, and other innovative mainstream consumer electronics devices, today announced that it raised $10.5 million in series B funding, led by BA Venture Partners. Other investors included The Ignite Group and a follow-on investment from Alliance Ventures. The current round of funding will be used to expand Xceive’s worldwide customer base, and achieve volume production.

“We are proud to attract such premier investors. This round of financing will enable us to bring to market the world’s first fully integrated RF-to-baseband receiver specifically targeting a wide-range of consumer electronics applications,” said Pierre Favrat, Xceive’s president and CEO. “Our breakthrough technology raises the bar for fully-integrated, high-performance, and cost-effective solutions,” Favrat added.

“The migration of television broadcasters and televisions from analog to digital signals, combined with the rapid adoption of flat-screen TVs worldwide, creates a burgeoning market for Xceive’s technology. Xceive’s silicon solution delivers quality, enables low-power consumption, and dramatically increases p erformance,” said Jim Jones, director at BA Venture Partners. “Xceive not only addresses new demands placed on TV digital tuners, but also facilitates the incorporation of live television into a host of consumer devices, significantly expanding the company’s addressable market.” 

About Xceive Corporation
Venture-backed Xceive® Corporation, headquartered in Santa Clara, CA, enables fast, high-quality TV signal reception in any consumer electronics device worldwide. First to market with a one-design-fits-all-TV-standards analog and digital single chip design, Xceive’s QuickTune® RF-to-baseband single IC (integrated circuit) TV tuners provide superior performance, low power, and smaller form factor for the development of advanced TV and PC-TV applications. Xceive’s universal RF-to-baseband analog?and breakthrough RF-to-baseband analog and digital?TV tuner ICs, reduce the need for OEMs to maintain multiple inventories in order to service a global market. Visit www.xceive.com or email info@xceive.com for more information. 408.486.5610 tel ? 408.486.5615 fax.

TRADEMARKS: Xceive, QuickTune, XC2028 and XC3028 are trademarks or registered trademarks of Xceive Corporation. Other products and companies are trademarked by their respective owners.