January 2, 2001

Axiom Venture Partners invests in next generation wireless technology infrastructure compnay

Axiom Venture Partners Invests in an $8M Series B Round of AirZip

SAN FRANCISCO – Axiom Venture Partners, a venture capital firm with presence in the Silicon Valley and Northeastern technology corridors, announced today that it has participated in an $8M Series B investment in AirZip, Inc. Sofinnova Ventures and Cardinal Venture Capital also invested in this round.

AirZip is a wireless technology infrastructure company that has developed proprietary technologies to allow cell phones, PDAs, and any other mobile device to send and receive large and complex graphic files with much smaller bandwidth requirements. The company was founded in January 2000 and received its initial funding from angel investors. AirZip is located in San Jose, CA.

Linda Sonntag, General Partner, and Marc Fogassa, Principal, worked on the deal from Axiom Venture Partners. As part of the financing, Linda has joined the Board of Directors. Robert Carr from Sofinnova Ventures also became a director.

Linda Sonntag and Marc Fogassa can be reached at (415) 434-9999 (telephone) and (415) 434-0505 (facsimile).

Axiom Venture Partners provides capital and strategic assistance to rapidly growing high technology companies. With over $185M in committed capital under management, the firm has particular emphasis in three main areas: Communications, Software Infrastructure/Internet, and Biotechnology. Axiom invests from early to late stages, is active throughout the United States, and has five investment professionals in two offices. Axiom has had multiple IPOs and transactions and ranks in the top quartile for venture funds in returns. The firm is currently investing Axiom Venture Partners III.