NextIO Extends Series A Funding Round to Include Additional Investment By Dell; Investment Expands NextIO's $10 Million Series A Funding Round

AUSTIN, Texas--()--Jan. 26, 2004--NextIO Inc., a chip developer for enterprise-class computer servers, today announced that it has extended its recently announced $10 million Series A funding round to include additional investment by Dell Inc. The terms and size of the investment by Dell were not disclosed.

The additional funding provided by Dell combined with the original $10 million secured from Series A investors, Adams Capital Management, JK&B Capital and VentureTech Alliance (a TSMC corporate investment fund management company), will be used by NextIO to expand its development efforts and engineering team.

"Attracting financial support from strategic OEM partners and potential customers like Dell is further validation that the technology we've developed promises to have a significant positive impact on the server industry," said K.C. Murphy, President and CEO of NextIO. "We are pleased to have Dell's support and look forward to working closely with the company as we bring our first commercial products to market."

About NextIO

NextIO Inc. is a developer of next-generation chips for enterprise-class computer servers. Led by a team of semiconductor veterans, NextIO is based in Austin, Texas and is a privately held company funded by Adams Capital Management, JK&B Capital, VentureTech Alliance and Dell.

NextIO is a registered trademark of NextIO Inc. in the United States and other jurisdictions. All other company names mentioned are used only for identification and may be trademarks of their respective companies.

Contacts

NextIO Inc., Austin
Gordon Burk, 512-439-5352
Gordon.Burk@NextIO.com
or
Virtual PR Director
Karl Scholz, 512-474-1772
karl.scholz@virtualprdirector.com

Contacts

NextIO Inc., Austin
Gordon Burk, 512-439-5352
Gordon.Burk@NextIO.com
or
Virtual PR Director
Karl Scholz, 512-474-1772
karl.scholz@virtualprdirector.com