Data Warehouse Appliance Provider is Funded by Venrock Associates
and Palomar Ventures
San Diego, CA - August 9, 2004 - Datallegro, supplier of the premier price/performance data warehouse
appliance, today announced that it has secured $6 million in Series A venture capital funding. The money will be
used to launch the company and bring the product to market. The funding round was co-led by top venture
capital firms Palomar Ventures and Venrock Associates.
"CIOs and IT Managers for many large companies are realizing their current data warehouses won't be able to
handle the rapid growth of their data and they are looking for help," said Stuart Frost, CEO of Datallegro. "We
can help them to enhance their existing data warehouse infrastructure so that it can keep up with the growth of
their business. Best of all, our patent pending technology allows us to offer this solution for about the same cost
as an Oracle platform upgrade."
"We see many business initiatives on a daily basis. Datallegro stood out as having a compelling combination of
experience, market need, expertise and breakthrough technology," said Brian Ascher of Venrock Associates. "We are very excited about the opportunity and are looking forward to being a part of the company as it grows
and thrives."
Randy Lunn of Palomar Ventures said, "Palomar Ventures is pleased to be a part of Datallegro moving forward.
We believe Stuart's market-technology insights and nimble entrepreneurial instincts, coupled with the entire
team's energy and balance of skills are the right formula to smoothly and quickly execute in this rapidly growing
market. I look forward to working with Datallegro to build a company that is a market leader and world-class
enterprise.
About Datallegro™
Datallegro offers a data warehouse appliance that provides dramatic performance improvement to large volume
data warehouses, without replacing the existing infrastructure. Using Datallegro's patent-pending technology,
companies can run faster and more complex queries on their data in order to increase their business
intelligence. Based in Aliso Viejo, California, Datallegro delivers a fast, flexible and affordable solution that allows
a company's data to grow at the pace of its business. For more information on Datallegro go to
www.datallegro.com.
About Palomar Ventures
Palomar Ventures was launched in 1999 by veteran venture capitalists to focus on early stage information
technology companies that demonstrate the potential for exceptional growth and market leadership. The
partners at Palomar have contributed their energy, strategic insight, network of corporate relationships and
recruiting skills to assist in building nearly 50 public companies. Palomar Ventures is currently investing Palomar
II, a $220 million fund. Selected investments include Continuous Computing, Composite Software, Dorado,
Efficient Networks, Gluecode, Inovys, KnowNow, Network Inference, Syntricity, Virtela, and Voxify.
About Venrock Associates
Venrock Associates was founded as the venture capital arm of the Rockefeller Family and continues a six-decade
tradition of funding outstanding entrepreneurs and establishing successful, enduring companies. Venrock was
formed in 1969 to build upon the successful investing activities of the Rockefeller Family that began in the late
1930s, when Laurance Rockefeller pioneered early-stage venture financing. Today, having invested more than
$1.3 billion into 340 companies over the past 34 years, Venrock is one of the most established venture firms in
the United States, with investment returns that place it among a small number of premier organizations that
have achieved consistently superior performance. Venrock's investments include Apple Computer, Check Point
Software, DoubleClick, Intel, 3Com, Caliper Technologies, Centocor, Illumina and Millennium Pharmaceuticals.
