Network Physics Secures $25 Million in Second-Round Financing Led by Lucent Venture Partners with VantagePoint Venture PartnersPALO ALTO, Calif.--(BUSINESS WIRE)--Mar. 5, 2001--Network Physics Inc., a network infrastructure company dedicated to improving Internet performance through a deep knowledge of the "hidden physics'' of complex IP networks, announces the completion of a $25 million second round of financing. The round was led by Lucent Venture Partners. New investors include Broadband Capital, Intel Communications Fund, Sofinnova Ventures, SMC, and SunAmerica Ventures. In addition, seed investor VantagePoint Venture Partners confirmed its commitment to Network Physics with additional funding. "This funding will enable us to create new products that will become a de facto part of the Internet infrastructure,'' commented Nick Gault, president and CEO of Network Physics. "Network Physics was founded on a really big idea, and we're excited to take the lead in this financing,'' said Neil Vasant, partner at Lucent Venture Partners. "The company's technology is unique, solidly based on fundamental science, and solves problems that traditional network engineering has considered intractable.'' "Network Physics has combined Nobel Prize-winning physics with hard-nosed engineering to produce a truly disruptive networking technology, up and running in customer sites today,'' said Matt Ocko, partner at VantagePoint Venture Partners. "VantagePoint is pleased to continue its tradition of supporting innovative networking companies solving difficult problems for large markets.'' "Network Physics' technology is exciting for several reasons,'' says Greg Stikeleather, managing director at Sofinnova Ventures. "First, it will establish the company right away as a leader in one of the fastest-growing markets today -- web site performance improvement. But the fundamental nature of the technology also makes it applicable in many other areas where enhanced network traffic is important.'' About Network PhysicsNetwork Physics is creating a new class of networking products designed to improve the performance of the Internet by exploiting a deep understanding of the non-linear dynamics of IP traffic. The company was founded by a veteran Silicon Valley entrepreneur and the world's leading authority on chaos control, and is backed by a board of advisors that includes two Nobel laureates known as the leading thinkers in complexity theory. The company's products have been in customer trials at major web sites since May of 2000. About Lucent Venture PartnersLucent Venture Partners is the wholly owned venture capital subsidiary of Lucent Technologies, with offices in Palo Alto, Calif.; Waltham, Mass.; and Murray Hill, N.J. Formed in 1998, the group invests in early-stage technology companies in high-growth communications areas such as optical, data, and wireless networking, semiconductors, communications software, professional services and e-commerce. More information about Lucent Venture Partners is available at www.luvp.com. About VantagePoint Venture PartnersVantagePoint Venture Partners is one of the nation's largest and most active venture capital firms with more than $2.5 billion in committed capital devoted to new networking, communications, semiconductor and Internet infrastructure companies. VantagePoint Venture Partners is a full-service venture firm offering a unique blend of technology, venture funding, partnering, marketing, and corporate finance expertise. With offices in Silicon Valley and New York, VantagePoint is geography and stage-independent, providing capital from the seed stage through mezzanine rounds. About Intel Communications FundThe $500 million Intel Communications Fund invests in companies supporting Intel's key programs and initiatives in voice and data communications, as well as wireless communications and computing efforts. The fund, which makes minority equity investments of typically less than $10 million, is focused on companies developing solutions based on CT Media(TM), Intel® Internet Exchange Architecture, Intel® XScale(TM) Microarchitecture and Intel® Personal Internet Client Architecture. The fund, created in 1999, is managed and controlled by Intel. For more information, visit intel.com/capital/investment/icf.htm. About SunAmerica VenturesSunAmerica Ventures is a $850 million information technology venture fund headquartered in Los Angeles, California with an office in Menlo Park, California. The fund primarily invests in three sectors: communications infrastructure, enterprise software/hardware and semiconductors/photonics. SunAmerica Ventures offers entrepreneurs the opportunity to work with a small, experienced venture capital team with the resources of a global financial services company. For more information on SunAmerica Ventures, please visit www.sunamericavc.com. About Sofinnova VenturesSofinnova Ventures, founded in 1974 and based in San Francisco and Palo Alto, Calif., invests in early-stage Internet, telecommunications, and life sciences startup companies. Sofinnova Venture's mission is to provide entrepreneurs with the resources, experience, and teamwork to grow early stage companies into great businesses, by combining extensive venture-capital experience with deep technical, startup and operational management experience. More information about Sofinnova Ventures can be found at www.sofinnova.com. About Broadband CapitalBroadband Capital is a venture capital firm based in Zug, Switzerland. The fund invests in young growth companies in emerging, fixed and mobile broadband communication technologies. The company's management team combines unique industry relationships and in-depth technical expertise. Information about Broadband Capital is available on the Internet at www.bcap.net. About SMCSMC/Sybond is the investment arm of SMC, a long-time publicly listed company in Hong Kong. Sybond invests in high technologies and infrastructures. It is the strategy of Sybond to contribute both investment funds as well as local (Asian/China) presence to companies it associates with. Recently, Sybond has been active in establishing high power internet server centers in the Asian/Greater China regions. |
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