Kilopass Technology Inc. Closes Third Round of Venture Capital Funding

• Pitango Venture Capital led the round joined by the current investors in the company, U.S. Venture Partners, BlueRun Ventures, and iGlobe Partners
• Pitango's Aaron Mankovski joins Kilopass board of directors

- Kilopass Technology Inc., a provider of embedded non-volatile memory (NVM) intellectual property (IP), announced today the successful conclusion of its third round of venture capital funding from lead investor, Pitango Venture Capital, along with U.S. Venture Partners, BlueRun Ventures and iGlobe Partners. This round of funding for $7.75 million will enable Kilopass to continue to develop innovative non-volatile memory (NVM) technology and to expand its customer base and market presence.

"Our continued success with silicon-proven customer designs in several markets has demonstrated the increasing industry awareness of XPM as an excellent choice for embedded non-volatile memory," said Bernie Aronson, CEO of Kilopass Technology. "We are pleased to have Pitango Venture Capital lead this round as a new investment partner and welcome their guidance as Kilopass continues to grow. We also want to thank U.S. Venture Partners, BlueRun Ventures, and iGlobe Partners for their continued support and participation in this round of funding."

"We are happy to contribute to the success of Kilopass and its innovative embedded non-volatile memory technology," said Aaron Mankovski, Managing General Partner of Pitango Venture Capital. "With several key customer wins, Kilopass has demonstrated an ability to accelerate the development of silicon chips for a wide range of leading-edge applications."

"Kilopass continues to gain recognition as a leader in embedded memory technology," said Arati Prabhakar, General Partner at U.S. Venture Partners. "With non-volatile memory becoming an increasingly important component on system-on-chip designs, Kilopass is poised to take a leadership role as a provider of secure, field-programmable non-volatile memory intellectual property."

About Pitango
Pitango Venture Capital, the leading venture capital firm in Israel, has been investing in technology entrepreneurs since 1993. With offices in Israel and Silicon Valley, California, Pitango currently manages several venture funds totaling over $1 billion in committed capital invested in more than 100 companies. Pitango invests in high-growth companies in seed and early stages, supporting them as they grow. Pitango focuses on the IT/Communication sectors, as well as in Life Sciences, including Medical Devices and Biotech. (http://pitango.com )

About U.S. Venture Partners
U.S. Venture Partners (USVP) is a venture capital firm that is dedicated to helping entrepreneurs realize their dreams of building world-class companies that are leaders in their industry. We believe deeply in the value created by the entrepreneurial process and in the relentless pursuit of opportunity. We enjoy the challenge of aiming high and believe that by pursuing lofty goals, we will ultimately generate the greatest returns for our investors. Since inception in 1981, USVP has raised $2.8 billion in nine funds, including a $600 million fund that closed in October 2004. To date, over $1.8 billion has been invested in more than 370 companies. (http://www.usvp.com )

About BlueRun Ventures
Launched in 1998, BlueRun Ventures is a leading early stage venture capital fund. BlueRun Ventures' proven approach is to invest globally as a single fund in best of breed technologies and teams with the drive and ability to build leading global companies. BlueRun Ventures is headquartered in Menlo Park, California, with offices in Helsinki, Herzelia (Israel), New Delhi, Seoul, Shanghai, and Washington, D.C. (http://www.brv.com )

About iGlobe Partners, Inc.
iGlobe Partners is a trans-Pacific venture capital firm focusing on investments in the Information Technology arena, with particular interest in semiconductor, mobile and media sectors. iGlobe Partners invests in technology-driven companies with globally scaleable business models led by passionate and committed management. ( http://www.iglobepartners.com)

About Kilopass Technology Inc.
Kilopass Technology Inc. was founded in 2001 with the mission to become the industry leader in embedded non-volatile memory technology (NVM). Kilopass Technology's Extra Permanent Memory (XPM) technology can be manufactured using standard commercial CMOS processes without any modification. It can be used for a wide range of storage capacities, ranging from a few bits to multiple megabits. In addition, XPM can be scaled to advanced process technologies, such as 130 and 90 nanometers. XPM is an excellent solution for electrically field-programmable code storage, embedded security keys, and IC configuration parameters. Kilopass Technology's XPM products are targeted to the advanced Customer Owned Tooling (COT) and Application Specific Integrated Circuit (ASIC) markets and are available for leading foundries and process geometries. For more information call 408-980-8808 or visit http://www.kilopass.com.