The Leader of Industry Standard InfiniBand-based Silicon and Card-based Solutions

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Mellanox Technologies

• Fabless Semiconductor Company Founded in March 1999 • Well-Developed International Operations

– Business Headquarters in California Marketing, Sales, Customer Support, Finance

– Engineering Headquarters in Israel Hardware and Software DevelopmentSystem Validation, Quality & Reliability

– Worldwide Sales Offices and SupportUSA, Europe, Asia

• $89M Funding by First Tier VC’s and Corporate Investors– Bessemer, Raza Ventures, Sequoia, USVP, Dell, IBM, Intel, Sun

• Leading merchant InfiniBand silicon technology provider

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Company Highlights

• Addressing multi-billion dollar InfiniBand fabric market• Blue chip customer base in diverse markets• Strong competitive position with in-depth knowledge of

InfiniBand software stack• Leading InfiniBand silicon / adapter solution provider • Highly experienced management team and talented

Israeli design organization• Strong revenue growth with earnings momentum

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The Vision

• Computing and storage as a utility– Exactly the same as electricity

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InfiniBand Technology

• High-performance fabric for server and storage clustering

• Industry-Standard• Low-latency and high bandwidth

– 10Gb/s and 20Gb/s Node-to-Node– 30Gb/s and 60Gb/s Switch-to-Switch– 2.7us latency

• Converges communications, computing, management and storage onto a single link with Quality of Service

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InfiniBand = Affordable Supercomputing

InfiniBand Enables Industry-Standard Servers to Scale Affordably

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Key Factors Driving InfiniBand Adoption

• Mature, Industry-Standard Technology – Over 1 Million Ports Installed Base– Mass market availability of affordable solutions – Connecting PCI Express nodes

• Price/Performance– $69 (OEM) adapter IC vs. $500 for comparable 10GigE adapter IC

solution– $200 (OEM) adapter card vs. $2000 for comparable 10GigE adapter

card – 1.4GB/s and 2.7µs latency

• Convergence– Communications, computing, management and storage onto one

fabric for lowest CapEx and optimal total-cost-of-ownership• Virtualization

– Highest utilization of computing and storage resources– Simplifies adding resources for rapidly expanding data centers

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Mellanox’s Core Strengths

• Superior ASIC design capabilities– All six silicon devices production worthy on first

revision– Architected for high volume manufacturing

Standard fabrication processes and packaging solutions• High quality adapter cards and complex

systems design– Standard and custom form factors– High-port count switch systems designs for

customer reference• Strong business relationships with Tier-1

server, storage and embedded OEMs• Engineering - 50% hardware and 50% software• Solid product roadmap into 2008 and beyond

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Mellanox’s Exceptional Mixed Signal Analog Design Capabilities

• 2.5Gb/s and 5Gb/s SerDes Today– Integrated SerDes eliminates additional

PHY chips– Enables Mellanox to provide fabric

solutions with significant power and cost savings

– 10Gb/s SerDes in 2006• InfiniScaleTM III - Single 24-port switch

chip– Industry’s most dense, highest bandwidth

merchant switch device~1 Terabit of switching capacity!

Many industry accolades

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Mellanox InfiniBand Products

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Mass Market InfiniBand Solutions

Switches and Infrastructure

Servers

InfiniBandLanded on Motherboard

InfiniBand Blade Servers

Embedded, Communications,Military, and Industrial

StorageNative InfiniBand Storage

Clustering and Failover

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Mellanox Target Markets and Systems

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Industry-wide Support

• All Significant Server Processors Supported

• Operating System Support– Linux, Microsoft, AIX, HPUX, OS-X,

Solaris, VxWorks• InfiniBand Trade Association

– Industry-wide collaboration on InfiniBand technical specifications, interoperability and compliance

• OpenIB.org – Open source, industry-wide development of standard InfiniBand software

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Data Centers Adopt Clustered Computing

• Computing transition from expensive big boxes to clusters of low-cost small boxes enabled by InfiniBand

• HPC market transitioned in early 2000s for supercomputing performance

• Enterprise Data Centers transitioning to grid and virtualizationof computing and storage resources

Symmetric Multi-Processing Machines(~$1M+, Scale Up)

Cluster of Commodity Servers(<$100K, Scale Out)

Same performance!

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Data Centers Converge with InfiniBand

Cluster of ServersMultiple Fabrics

High CapEx and High TCOSingle InfiniBand Fabric

Low CapEx and Optimal TCO

InfiniBand is the only fabric technology that can efficiently and cost-effectively converge the data center

“One Wire”

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A Unified InfiniBand Fabric

• Clusters are driving demand for Native InfiniBand Storage

• Unified IB Fabric delivers performance boost and cost savings

• No gateway bottlenecks• Ultimate scalability• Optimal total cost of

ownership

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The Outlook

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Competitive Landscape

• Mellanox is the leading merchant InfiniBand technology provider with adapter silicon and cards, and switch silicon– Six other companies with InfiniBand solutions

• Competing Technologies– GigE

Significant performance and fabric limitations– Fiber Channel

Expensive and lacks convergence capabilities– 10GigE w/ iWARP or iSCSI

Significant cost barriers, immature software solutions, fabric limitations

– Myrinet and QuadricsProprietary HPC interconnect Inferior price/performance, no native storage solutions and weak mass market adoption

InfiniBand Adapter

10GigE Adapter with Similar Functionality

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Mellanox’s Sustained Competitive Advantage

• Industry-leading fabric technology with optimal price/performance and aggressive roadmap– Only fabric technology supporting channel I/O required for data

center convergence– Most dense, highest bandwidth 24-port switch device

• Mature, integrated, complete software stack from silicon to applications– Years of industry-wide software development and optimization

• Proven track record to deliver quality, production-worthy interconnect solutions– Strong relationships with Tier-1 server, storage and switch OEMs

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1 Million Mellanox InfiniBand Ports and Accelerating!

Cumulative 10Gb/s InfiniBand Port Install BaseIncludes HCA and Switch Ports

InfiniBand shipments outpace any other 10Gb/s interconnect technology

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Mellanox Management Team

• Executive Staff– Eyal Waldman, Chief Executive Officer– Michael Gray, Chief Financial Officer– Roni Ashuri, VP Engineering– Shai Cohen, VP Operations– Michael Kagan, VP Architecture– Yuval Leader, VP System Solutions– Thad Omura, VP Product Marketing– Dave Sheffler, VP Worldwide Sales

• Board of Directors– H. Raymond Bingham, Industry Veteran– Rob S. Chandra, Bessemer Venture Partners– Irwin Federman, US Venture Partner– Pierre Lamond, Sequoia Capital– Atiq Raza, Raza Foundries– Eyal Waldman, Chief Executive Officer– Thomas Weatherford, Industry Veteran

Highly Experienced ManagementFrom Companies including:

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InfiniBand Market Summary

• Mass-market adoption of Mellanox InfiniBand technology driven by improved price/performance– Data Centers, High-Performance Computing, Embedded– Servers, storage and switch systems

Server cluster deployments drive native InfiniBand storage for performance and convergence

• Value proposition of InfiniBand continues to grow– Price/Performance, convergence, virtualization, scalability

• Mellanox is well-positioned to continue leading the clustered computing and storage evolution