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February 5, 2006
Hyperion Invests in Mplicity
Mplicity Closes $2 Million Financing Round
Tel Aviv, Israel: February 5, 2006 - Hyperion Israel Venture Partners, a leading US-Israeli VC firm, today announced its investment in Mplicity, an Israeli fables multi-core solution provider
The company was founded by an experienced management team of ex-DSP Group employees (NASDAQ: DSPG) and started its operations in Lab-One Innovation's Incubator in mid-2003, seeded by StageOne Ventures, Alice Labs and Lab One.
Mplicity's mission is to become the leading fab-less multi-threaded, multi-core, solution provider by providing a simple, fully compatible and reliable method for seamlessly transforming existing single processor offerings into a next generation multi-processor solution.
Gil Vinitsky, CEO of Mplicity says, "Having Hyperion as an investor is truly a vote of confidence in our team, technology and potential. We also greatly value the continued support of our existing investors, whose follow-on investment is an indication of their confidence in the company and market opportunity. We are confident that together with our current investors, will enable us to achieve our goals".
About Mplicity
Mplicity is dedicated to becoming the leading Multi-core, Multi-threaded, solution vendor. Mplicity's "CoreUpGrade" offering is based on its evolutionary patent pending Virtual Multiprocessing (VMP) algorithms and tools which allows us to dramatically reduce the number of wasted clock and instruction fetch cycles thereby reducing cache size requirements as well as substantially improving the average Gate Utilization Factor (GUF).
About Hyperion Israel Venture Partners
Founded in October 2000 by the principals of Hyperion Partners, a leading US investment firm, Hyperion Israel provides start-up companies with financing and strategic guidance based on deep industry experience.
Hyperion Israel was founded as a $73M investment fund, several years after the investment by Hyperion Partners (USA) in Bank Hapoalim, Israel's largest banking organization. Since then, Hyperion Israel has invested in eight promising companies, all of which are following strong growth paths.
For more information, visit www.hyperionisrael.com
About Stage One Ventures
StageOne Ventures is an Information and Communications technology fund, which invests in Israeli-related start-ups, focusing on early-stage ventures based on breakthrough, next-generation technologies. The fund provides financing and professional guidance to early-stage companies, through its expert team and the technological and financial strength of its sponsors, primarily Bezeq (the leading Israeli telecom group).
For more information, visit www.stageonevc.com
About Alice Labs
Alice Labs is part of Alice Ventures. Alice Ventures is a multinational venture capital management team from Israel, Italy and the UK, who leverage their collective network to further the business goals of investors and portfolio companies
For more information, visit www.aliceventures.it
About Lab One Innovations
Lab-One Innovations is a leading early-stage investor and privatized technology incubator, focusing on Information & Communications Technology (ICT) investments, and is located in the heart of Tel Aviv. Lab-One creates value to its portfolio companies, via an envelope of financial and business resources and administration support, which allows its companies to swiftly realize their potential in an optimal environment.
For more information, visit www.lab-one.co.il
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