VaST Completes Investment Round of $12 Million

SUNNYVALE, Calif.—(BUSINESS WIRE)—July 24, 2007— VaST Systems, the leader in electronics virtualization, today announced the closing of $12M in round D funding. The round is led by ZenShin Capital with participation from previous investors Allen Buckeridge, Foundation Capital, and Mohr Davidow Ventures to drive growth in key automotive, consumer and wireless markets.

"Virtualization solutions are shortening time to market for software powered electronics systems. VaST's commanding market lead, stellar customer list, and strong technology portfolio, combine to make VaST an excellent high growth company," said Takeshi Mori, managing director, ZenShin Capital.

"Customers use the VaST's virtualization solutions to cut six to twelve months off their development cycles. Virtualization also uniquely solves the growing problem of enabling earlier software development at ecosystem partners," said Alain Labat, VaST president and CEO. "This new funding will drive further product and market expansion."

About VaST

VaST Systems Technology Corporation solutions enable the creation of a virtual system prototype--a highly accurate software model of a system that operates at near real-time speeds under actual software loads. VaST's solutions are OSCI SystemC-compliant and are used for architecture, hardware, and software design. VaST solutions dramatically improve time to market and quality while reducing development costs and risk.

Current customers include worldwide leaders in semiconductors, automotive electronics, wireless devices, and consumer electronics. VaST is headquartered in Sunnyvale, California with sales and support offices worldwide. For more information, visit www.vastsystems.com.

Contact:

Vast Systems Technology KK
Isao Yumoto, +81-3-5447-5231 (Japan)
Email Contact
or
VaST
Jean-Marc Talbot, +33 4 56 38 51 23 (Europe)
Email Contact
or
VitalCom
Lou Covey, 650-366-8212 ext. 203 (USA)
Email Contact




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