Press Releases

Camero receives $14 Million in Series B Funding led by Greylock Partners

New Funding Will Support Growing Sales of the Xaver800 ‘Through-Wall Vision’ Systems

Tyson’s Corner, Virginia, January 8, 2007 - Camero Inc., a pioneer in 'Through-Wall Vision' solutions, today announced the successful closing of a $14 million Series B investment round led by Greylock Partners ( www.greylock.com), a leading Venture Capital firm. The new investment round includes participation by all of the company’s existing investors including Jerusalem Global Ventures (www.jgv.com), Alta Berkeley (www.altaberkeley.com), Walden (www.walden.co.il) and Motorola Ventures, the venture capital arm of Motorola Inc. ( NYSE:MOT). The Series B investment round follows delivery of Camero’s unique ‘Through-Wall Vision’ system, the Xaver™ 800, to initial customers worldwide.

The company further announced the election of Erez Ofer, a partner at Greylock, to its board of directors.

“Camero’s technology and Xaver800 system present breakthrough capabilities for 3D imaging through walls. We are excited about the opportunity these systems provide for military, law enforcement and search and rescue personnel to perform their tasks more effectively and safely,” said Erez Ofer of Greylock Partners. “ In Camero we have found the right mix of talent, technology and know-how to make these systems a reality.”

“We are pleased to join forces with such a strong partner as Greylock Partners. Their experience will be of great benefit to our company as we focus on growing our worldwide sales and marketing infrastructure in 2007 and beyond,” Aharon Aharon , CEO of Camero said. “ The capital will enable the company to realize its full business plan: expand its customer base, strengthen the engagement with existing clients and forge new relationships with strategic partners worldwide.”

Shlomo Kalish of Jerusalem Global Ventures commented, “Our fund is delighted to celebrate yet another milestone for Camero. We, together with all of the shareholders, continue to be impressed that the company has successfully achieved all of its targets to date.”

About Camero

Camero’s Xaver™ 800 system 'Through-Wall Vision' system generates real-time, three-dimensional images of stationary and moving objects concealed behind solid barriers. This first-of-its-kind capability enables the rapid completion of life-saving operations while greatly reducing the severe risks involved for those operating in life-threatening environments.

Developed to meet the special requirements of diverse forces such as the Military, Law Enforcement and Search and Rescue, the Xaver™ 800 has been delivered to leading customers around the globe.

For more information, contact:

Robert Judd, President
+1 703.752.6640
info@camero-tech.com
www.camero-tech.com

About Greylock Partners

Founded in 1965, Greylock Partners is one of the world's leading venture capital firms. Over the past 41 years, Greylock has funded and helped build several hundred successful companies. The Greylock approach uniquely puts the entrepreneur first, with Greylock working as an "invited guest" in a highly supportive yet consultative way to help entrepreneurs build market-leading companies. Companies Greylock has funded include Ascend Communications, CheckFree, Continental Cable, Decru, DoubleClick, Internet Security Systems, Ikanos, Legato, Millennium Pharmaceuticals, Openwave, Red Hat, RightNow Technologies, Tellabs, Trilogy and Wily Technology. Greylock's offices are located in Silicon Valley, the Boston area and Israel. For more information, please visit www.greylock.com.