Internet Machines is a fabless semiconductor company offering a family of highly integrated communications ICs that provide protocol-independent network processing and switching for high-speed optical, metro area network and Internet infrastructure equipment. Our powerful array of wire-speed, fully programmable network processors, switch fabric components, and networking software is designed to shorten the system vendor’s time to market and lengthen the system’s time in market. Our components work together or individually to deliver a highly flexible, interoperable, and field upgradeable solution. Founded in January 2000, we have raised over $80 million in venture capital from Exar, Banc of America Securities, Redpoint Ventures, Meritech Capital, Morgan Stanley Dean Witter, and other strategic investors. Our headquarters are in Agoura Hills, in the midst of Southern California’s 101 Technology Corridor, with design centers located in San Diego and Irvine, and sales offices in San Jose and Boston.

Since our inception in January 2000, we have received over $80 million in venture funding. Our first round of $8.3 million, led by Redpoint Ventures, was closed in January 2000. A second round in the fall of 2000, led by Meritech Capital Partners and Redpoint Ventures, raised more than $30 million, and included Morgan Stanley Dean Witter as well as several other strategic investors. In July 2001, our third round closed with $41 million received from Exar and Banc of America Securities. We have also secured equipment leases amounting to approximately $6.75 million.