VentureLink Innovation Fund Inc provides follow-on funding to Peraso
Technologies Inc.

Peraso to Commercialize mmWave Technology

TORONTO, Nov. 25 /CNW/ - VL Advisors Inc., manager of VentureLink Innovation Fund Inc, today announced a follow-on investment in Peraso Technologies, Inc. a fabless semiconductor company focused on the development of 60GHz mm-wave transceivers. Financing to date plus a further tranche related to this financing round will bring Venturelink's investment to approximately $2.9 million. This second round of financing adds the Ontario Emerging Technologies Fund as an investor alongside first round investors VentureLink Innovation Fund Inc, Celtic House Venture Partners and iNovia Capital.

"The 60 GHz wireless market opportunity is growing rapidly." says Ron Glibbery, CEO of Peraso. "The addition of the Ontario Emerging Technologies Fund to our existing investor base gives us the strong financial backing our company requires to compete with tier 1 competitors on a global scale. "

We are very encouraged by the technical progress of the company and by the ability of the WiGig organization to establish clear standards for the technology." states Jim Whitaker, Managing Partner, VL Advisors Inc.

The Peraso team has worked in the VentureLink offices since the fall of 2009. Proceeds from this financing will be used to grow the team, relocate to new office and lab space in Toronto and for continued development of the SiGe and CMOS versions of its radio transceiver technology.

About VentureLink
VentureLink Innovation Fund Inc. has approximately $215 million under management, its objective is to realize long-term capital appreciation by making debt and equity investments in a diversified portfolio of securities in eligible Canadian businesses and by investing in reserves, including debt instruments whose returns are linked to the performance of the TSX and the financial services sub-index of the TSX while giving investors access to a well-diversified portfolio of established companies operating in traditional industries such as financial, manufacturing and service industries as well as dynamic industries like information technology and alternative energy. For more information please visit: www.venturelinkfunds.com.

About Peraso Technologies Inc.
Peraso is a fabless semiconductor company focused on the development of mm-wave, single-chip transceivers. Peraso's 60GHz transceivers, compliant with emerging 60GHz standards in the mobile consumer electronics market, are characterized by low power consumption, small footprint and optimal system implementation. For more information, please visit: www.perasotech.com.

For further information:

Jim Whitaker
Managing Partner
VL Advisors Inc.
Tel: [phone]