Pyxis Technology Raises $3.0M in Expansion Capital

Leading EDA IC Routing Company Uses Capital to Introduce New High-performance
Custom Routing Technology
AUSTIN, Texas--(Business Wire)--
Pyxis Technology, Inc., an electronic design automation software (EDA) company
that offers auto-routing software to developers of high-performance integrated
circuits (ICs), has raised $3.0 million in financing to accelerate the
deployment of its new High-performance Custom (HPC) routing product,
NexusRoute-HPC. Investors participating in this financing include Austin
Ventures, CMEA Ventures, Formative Ventures and KT Venture Group.

"There is a dire need for automation in chip finishing, high-performance digital
and analog design flows," said Jim Solomon, Pyxis board member and founder of
Cadence Design Systems. "The next great battleground in EDA is the custom design
arena. Pyxis NexusRoute-HPC is an OpenAccess-based plug-and-play routing
technology that, when coupled with today`s leading physical layout editors and
placement technology, enables groundbreaking custom design flow productivity."

"We`ve seen significant demand for our NexusRoute family of routing products,
which also includes NexusRoute-SOC, our flagship product designed for
high-performance digital standard-cell and block-based designs at 45nm and
below," said Phil Bishop, CEO of Pyxis Technology. "NexusRoute-HPC is generating
revenue for us today and will extend our performance advantages to designers of
high-performance custom ICs. The newly-raised capital enables us to extend our
market leadership by accelerating our sales and marketing efforts."

"Over the last year we have seen a steady increase in sales activity from key
semiconductor suppliers that are aggressively moving to advanced process
technologies," said Brian Connors, general partner of Formative Ventures, one of
the firms investing in this financing. "Pyxis Technology`s new strategic shift
into the custom design arena provides an outstanding opportunity to capitalize
on their proven world-class technology while expanding upon their sales
momentum."

"The Integration of NexusRoute-HPC with our Laker Layout System holds great
promise for improving custom layout automation," said Scott Sandler, president
of SpringSoft USA. "SpringSoft is working with Pyxis and customers to show how
this new high-performance routing technology, coupled with an advanced custom
layout system, helps them create better layout with less effort."

About Pyxis

Pyxis Technology delivers software solutions to address the problems that chip
designers and foundries face in the physical design, layout, and routing of
nanometer-scale integrated custom design circuits (ICs) and systems on a chip
(SoCs). Pyxis NexusRoute-HPC is a next-generation custom design routing
technology architected to support the needs of today`s digital and analog custom
designers. NexusRoute-HPC reduces design time from weeks to hours by providing
highly automated hierarchical custom routing and an integrated "what-if"
analysis capability. Pyxis NexusRoute-SOC is a next-generation SoC digital
routing technology optimized for advanced technologies 45nm and below. All
NexusRoute technology is based on open, industry-standard interfaces and is
easily integrated into existing industry leading design flows. For more
information, see www.pyxistech.com.

Cayenne Communication for Pyxis Technology, Inc.
Linda Marchant, 919-451-0776
linda.marchant@cayennecom.com

Copyright Business Wire 2009