Proven In-System Diagnostics
  for better hardware, sooner.
 
 

Kozio Secures Series A Funding

Plans include expansion of Marketing and Engineering
to address a rapidly growing market

Longmont, CO, May 21, 2009 – Kozio®, Inc. (www.kozio.com), the world's leading provider of embedded in-system diagnostics and functional test software, announced today that the company has closed an oversubscribed round of Series A financing, led by Boulder, Colorado-based Boulder Angels.

The company has previously raised private funds for startup expenses and continues to expand, funding its growth through successful sales of its solutions to over 50 customers, many of whom are Fortune 500 companies increasing their use of Kozio software through repeat orders.

The Series A funding will allow the company to dramatically broaden the availability of the unique benefits of its products: kDiagnostics®, ValidationAssistant™, SequenceRunner™, SequenceReporter™ and kPOST™ along with adding support for an expanded family of embedded processors.

"Kozio is extremely pleased to be on the roster of the Boulder Angels," said Joe Skazinski, President of Kozio. "Their vote of confidence in Kozio will provide the needed capital to accelerate our business and provide product to a much wider range of customers."



 

About Kozio, Inc

Kozio is the technology leader for embedded in-system test and diagnostics for 32-bit architectures. Our software solution provides, out of the box, a high-integrity validation suite for comprehensive at-speed functional testing, personalized to your unique system design. Supplied during the design process, thorough tests for board bring-up, functional production test and in-field Power-On Self-Test can be waiting for first production boards, giving you full diagnostics and fault isolation details within minutes of power on.

Kozio's products are used and trusted by General Electric, Raytheon, Honeywell, HP, Harris, Motorola, Polycom, Perceptron, Scientific Atlantic, Thomson and many others. Our customers are globally distributed, and span most industries developing and/or manufacturing electronic products. Our customers save up to 18 months of development time, and achieve a return on investment as high as 15-20X. We are headquartered in Longmont, CO.

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Sales Contact:
Kozio, Inc.,
1801 Sunset Pl Ste A,
Longmont, CO 80501
http://www.kozio.com
Tel: +1 303-776-1356 Ext 1
Fax: 303-776-1357


Kozio, the Kozio logo, kDiagnostics, kPOST, ValidationAssistant, SequenceRunner, and SequenceReporter are trademarks or registered trademarks of Kozio, Inc. All other trademarks and products are the property of their respective owners.