Xceive Completes Series C Financing

Xceive Secures $14.5 Million in Funding to Continue Leading Edge Development.

SANTA CLARA, Calif., June 29, 2005—Xceive Corporation, developer of the world’s first fully integrated multi-standard RF-to-baseband transceiver ICs for TVs, PC TVs, set top boxes, mobile phones, and other innovative consumer electronic devices, announced today that it has closed its Series C funding with $14.5 million in investments. Lead investor, Sequoia Capital, will join repeat investors; Alliance Ventures, BA Venture Partners and Ignite Group, in supporting Xceive’s plans to expand current activity in research and development, increase production, and continue staffing in strategic geographical locations.

“We are pleased to welcome Sequoia Capital as our newest investor, a well known VC firm recognized worldwide. They have invested in many technology leaders a variety of successful semiconductor companies including Linear Technology, LSI Logic, Microchip, Nvidia and Pixelworks and we are excited they have chosen us as their investment in silicon tuner technology,” said Pierre Favrat, president and CEO of Xceive. “Our breakthrough technology is continuing to gain traction and wide acceptance in the market place.”

“Advanced design developments in televisions as well as devices such as PCs and mobile phones demand tuner solutions that can address high performance requirements. Xceive’s unique technology provides the most advanced solution available,” said Mark Stevens, general partner at Sequoia Capital. “Xceive is well positioned to address a significant need that will rapidly increase as the silicon tuner market continues to evolve.”

About Xceive Corporation
Venture-backed Xceive Corporation, headquartered in Santa Clara, Calif., 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 integrated circuit (IC) 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. e-Mail info@xceive.com, call (408) 486-5610 more information.