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To: Normandi who wrote (4177)	8/29/2000 1:33:18 PM
From: Normandi	Respond to of 10934

Thead Anyone have information regarding "YottaYotta". Cheers ~Norm KIRKLAND, Wash./EDMONTON/MONTREAL, Aug 29, 2000 (BUSINESS WIRE) -- YottaYotta (www.YottaYotta.com), the Yottabyte NetStorage(TM) Company, announced today it has completed over $24-million in financing with an impressive round of more than $17-million in its second round to close in the last six months with funds from key international players from the telecom, optical networking and storage industries. This Series B financing was led by new investors Davenport Capital Ventures of Boston (other portfolio companies include Corvis Corporation, Hyperchip and VIPswitch) and includes Optical Capital Group of Columbia (Light Connect, CiDRA, CODEON Corp.), Grosvenor Venture Partners III of Washington D.C. (Corvis Corporation, Light Logic and CODEON Corp.), Morgan Keegan of Memphis (Q-Logic, Emulex, and Troika Networks) and TechnoCap of Montreal, which was also a first round investor, in addition to techno angels from Seattle and London. "Davenport Capital Ventures has financed optical networking leaders such as Corvis, Hyperchip and VIPswitch and we feel YottaYotta’s vision for yottabyte optical NetStorage is very exciting," said Patrick Davenport. "YottaYotta will use this investment to develop our market leadership and will be recruiting over 100 people in the coming months," said Steve Mattioli, President & CEO of YottaYotta. "These strategic venture partner commitments enable YottaYotta to capitalize on the explosive growth in the demand for yottabyte NetStorage." The name YottaYotta comes from the term yottabyte, which is one trillion terabytes of data. Bear, Stearns & Company projects the market for RAID storage alone to be $40-billion by 2002. About YottaYotta YottaYotta, the Yottabyte NetStorage(TM) Company, has developed the NetStorage Cube(TM), which uses patented, massive parallel architecture to provide scalability in performance and availability, as well as capacity. The NetStorage solution will be used for optical wide area networks (WAN), for telecommunications carriers and local area network (LAN), and for distributed storage for the enterprise (SAN). About Investors Davenport Capital Ventures has invested in over 20 emerging growth high technology companies in optical networking, telecom, internet and e-commerce infrastructures, including Corvis Corporation, Hyperchip, and VIPswitch. Davenport Capital Ventures is affiliated with Bank Vontobel AG, a $40-billion Swiss investment bank. Optical Capital Group (www.opticalcapital.com) is a venture capital company that invests in optical networking companies and has backed net leaders such as Light Connect (MEMS fibre optic components), CiDRA, and CODEON Corp (optical networking devices). Morgan Keegan (www.morgankeegan.com) is a full-service investment bank taking a leading role in researching and financing companies focused on system area network opportunities, particularly those addressing significant scale of data capacity. Morgan Keegan includes Troika Networks in its portfolio and has publicly assisted Q-Logic and Emulex. Grosvenor Venture Partners III (www.grosvenorfund.com) is committed to funding enabling technologies for a better future and has backed Corvis, Light Logic, and CODEON Corp. TechnoCap (www.Technocap.com) is a net-focused venture company that is in the business of building leading companies in massively scalable networking. CONTACT: YottaYotta, Inc. Cindy Salazar, 425/739-9191 ext. 227 csalazar@YottaYotta.com or The Rockey Company Dale Gluck, 206/728-1100 dgluck@rockey-seattle.com URL: businesswire.com Today’s News On The Net - Business Wire’s full file on the Internet with Hyperlinks to your home page.Copyright (C) 2000 Business Wire. All rights reserved.