KnowNow Leads Enterprise 2.0 Momentum with $13 Million in Funding

Business Wire, Nov 1, 2006

RSS Investors Leads with KPCB and Other Firms Participating

SUNNYVALE, Calif. -- KnowNow Inc., the leader in enterprise-class Web 2.0 solutions, today announced it has closed $13 million in new funding led by RSS Investors, the leading investment fund specializing in RSS technologies. Also participating are new investor Presidio Ventures -- the early-stage investment vehicle of Sumitomo Corp. -- and existing investors Kleiner Perkins Caufield & Byers, Levensohn Venture Partners, and Palomar Ventures. The round was oversubscribed. Richard Fishman, managing partner of RSS Investors, will take a seat on KnowNow's board of directors.

"Aside from an impressive list of enterprise clients, we were impressed by KnowNow's ability to deliver solutions that fundamentally change the way enterprises act on information," said Fishman. "KnowNow is well positioned to capitalize on the burgeoning market for enterprise-class Web 2.0 solutions."

"Our investors noted the successful deployment of KnowNow solutions into Wells Fargo Bank, three other major financial service institutions, four of the largest technology companies, one of the largest outsourcing companies and other Fortune 1000 companies," stated Todd Rulon-Miller, CEO of KnowNow, Inc. "We are delighted to team with RSS Investors and are excited by the opportunity to enhance their portfolio in the enterprise."

"KnowNow has a vision for enterprise-class Web 2.0 solutions, and it is executing to plan," said Kip Sheeline, managing director at Levensohn Venture Partners.

"As one of the first investments of our newest fund, KnowNow has demonstrated exceptional growth and market momentum," stated Jim Gauer, managing director of Palomar Ventures. "Large corporations need solutions to overcome the complexity of today's information explosion. KnowNow is the clear leader in this field."

"KnowNow is dominating this emerging solution space," said Kevin Compton, partner at Kleiner Perkins Caufield & Byers. "KnowNow's solutions and enterprise expertise are transforming how corporations are leveraging internal and external information assets."

About KnowNow

More Fortune 1000 companies entrust KnowNow to deliver enterprise-class Web 2.0 solutions that increase timely and profitable business decisions than any other vendor. By allowing users to specify the information they want delivered, when and where they want it, as it happens, KnowNow unlocks and delivers the most critical information to create unprecedented business opportunities.

Headquartered in Sunnyvale, Calif., KnowNow is privately held, with backing from premier venture capital firms including Kleiner Perkins Caufield and Byers, Levensohn Venture Partners, Palomar Ventures, Presidio Ventures and RSS Investors. KnowNow is a Microsoft Certified Partner. For more information, visit http://www.knownow.com or contact KnowNow at 1-877-561-KNOW.

About Kleiner Perkins Caufield & Byers

Since its founding in 1972, KPCB has backed entrepreneurs in over 475 ventures, including AOL, Align Technology, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, IDEC Pharmaceuticals, Intuit, Juniper Networks, Netscape, Lotus, LSI Logic, Sun Microsystems, Symantec, VeriSign and Xilinx. More than 150 of the firm's portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions. Additional information can be found at www.kpcb.com.

About Levensohn Venture Partners

Levensohn Venture Partners (LVP) is an early stage venture capital investor. LVP focuses on building companies as they transition from research and development through initial revenues to a more complete commercial entity. The company invests in emerging leaders in the enterprise software, communications and semiconductor sectors. Founded in 1996, LVP is based in San Francisco with $164 million in two currently active venture funds. LVP has invested in companies including Atheros, BigFix, Caymas Systems, CommerceOne, Informative, KnowNow, Interwoven, Radiance Technologies, Rapt, Reconnex, Ubicom, and Veraz Networks. Additional information can be found at http://www.levp.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 founding principle of Palomar is teamwork, we work closely with our portfolio companies to assist them in achieving their objectives. The partners at Palomar have contributed their strategic insight, network of corporate relationships, and recruiting skills to assist in building nearly 50 public companies. Additional information can be found at www.palomarventures.com.

About Presidio STX, LLC

Presidio STX, LLC provides value added financial and business services to our customers and partners. As a subsidiary of Sumitomo Corp., one of the world's leading integrated trading and investment firms, Presidio STX acts as the early stage IT investment vehicle for Sumitomo Corp. and its affiliates, and serves as a bridge for trade between the United States and Asia. Additional information can be found at http://www.presidiostx.com.