Goldman Sachs, The Hillman Company Participate in Intrinsity's $31.5 Million Series E Funding Round


AUSTIN, TX--(Marketwire - January 28, 2008) - Intrinsity Inc., a pioneer and leader in high-speed, low-power embedded processor cores, announced today it has completed $31.5 million in Series E financing. Adams Capital Management, Altitude Capital Partners, Goldman Sachs, The Hillman Company, and Northwater Capital Management co-led the round. The additional funding will allow the company to further augment its family of FastCore® embedded processor cores based on the ARM® and Power® architectures, as well as expand a series of technical initiatives targeted at improving designer productivity and advancing innovative new low-power technology research.

"We are very pleased to note new participation by Goldman Sachs, Altitude Capital Partners and Northwater Capital Management, as well as additional funding from original investors Adams Capital Management and The Hillman Company in this new financing round," said Bob Russo, president and CEO of Intrinsity. "This financing is an important endorsement of the value Intrinsity delivers to our partners and reflects the success of our Fast14® and FastCore technologies in producing groundbreaking high-speed, low-power embedded cores designs for the semiconductor industry."

"We are delighted to join the existing investors in backing Bob Russo and his great technical team," said Rob Kramer, Managing Partner of Altitude Capital Partners. "Our belief is that the existing intellectual property and technical 'know-how' create a true competitive advantage for Intrinsity and its customers."

Intrinsity, based in Austin, TX, has more than one hundred employees and has received more than 85 patents pertaining to its unique Fast14 circuit technology and design methodology, with which it develops ultra-high speed and low-power enhancements of popular embedded processor cores.

About Adams Capital Management

Adams Capital Management, Inc. (ACM) is a national venture capital firm specializing in early-stage applied technology investments. Established in 1994, ACM is a lead Series A investor and currently manages $810 million. Our general partners have extensive domain and operations expertise in the following industries:

--  Information Technology
--  Networking Infrastructure
--  Semiconductor
    

ACM's well-defined, markets-first, investment strategy is driven by the identification and exploitation of market discontinuities. This strategy recognizes emerging growth companies with value propositions driven by economics and product roadmaps that have the potential to define and dominate product categories. ACM's national presence and expansive resources, networks and experiences, offer our entrepreneurs the opportunity to develop their visions into market-leading companies.

About Altitude Capital Partners

Altitude Capital Partners is an opportunistic $250 million investment fund which invests in intellectual property (IP) assets and IP centric companies. The Altitude mandate is broad based, covering patents, trademarks, brands, copyrights, and royalty streams. Altitude partners with individual inventors, commercial entities with residual patent assets, and patent licensing companies. Altitude's investments are structured as debt, preferred stock, common stock and or contractual rights emphasizing alignment with our portfolio company partners.

For further information regarding Altitude Capital Partners, please visit Altitude's web site at: www.altitudecp.com

About Goldman Sachs

Goldman Sachs is a global investment banking, securities and investment management firm. It provides a wide range of services to a substantial and diversified client base that includes corporations, institutional investors, governments, non-profit organisations and high-net-worth individuals. Its headquarters is in New York and it maintains significant offices in London, Frankfurt, Tokyo, Hong Kong and other financial centers around the world.

About The Hillman Company

Affiliates of The Hillman Company hold a diversified portfolio of investments, including private equity, venture capital, real estate and other alternative assets. The Hillman Company is based in Pittsburgh, PA.

About Northwater Intellectual Property Fund LP1

Northwater Intellectual Property Fund LP1 is managed by Northwater Capital Management Inc., a leading investment management company, wholly owned by its employees. Northwater manages over US $9.0 billion in assets, applying innovative investment strategies and sophisticated proprietary software in assisting major institutions in their efforts to build optimal portfolios. In particular, Northwater applies the sciences of advanced finance and systems engineering toward the objective of delivering highly diversified market returns plus robust alpha. For more information please see www.northwatercapital.com.

About Intrinsity

Intrinsity, Inc. is a design technology company that provides the designs, tools, technologies, and expertise so its customers can efficiently and predictably produce high performance, low-power and cost-effective products. Intrinsity's proprietary Fast14 technology is used to create FastCore embedded cores, which provide not only circuit speeds of up to and beyond 3 GHz, but also the means to trade-off speed, power and area to achieve the optimal solution to customer design targets. Fast14 technology includes a combination of process specific libraries, a specification language and a set of tools that help automate the design flow. Intrinsity's corporate headquarters are located in Austin, Texas.

For further information regarding Intrinsity, please visit our web site at http://www.intrinsity.com.

Contact Information: Contact: Nancy B. Green The William Baldwin Group 1 650 856 6192 Mike Gehl Intrinsity 1 970.949.6480