Aha Mobile Secures $3 Million in Series A Financing from Venrock

Company Seeks Beta Testers for New iPhone App that Safely Connects Drivers to the Relevant Information They Need Every Day in the Car

PALO ALTO, Calif. Aha Mobile,SM Inc. today announced that it has secured $3 million in Series A financing from leading venture capital firm Venrock. Aha is focused on making drivers smarter by safely connecting them to relevant information about the world around them. The company has been developing its technology since fall 2008 and is preparing to launch its first consumer experience on the iPhone this summer.

“We all know that looking up information with a device while driving is a dangerous habit, but people do it anyway because they need to make quick decisions on the road,” said Robert Acker, President and CEO of Aha. “Our goal is to safely provide drivers with just the relevant pieces of information they need, letting them focus their attention on driving. We’re proud to be backed by Venrock, a visionary fund that has been focused on automotive innovations and solutions that improve the driving experience.”

Aha is looking for drivers around the country to test a beta version of its application while it prepares for launch later this summer. People can apply to be a beta tester at www.ahamobile.com.

“Aha Mobile is breaking new ground by making useful and entertaining real-time information accessible to people in their cars in a safe manner,” said Dev Khare, Vice President at Venrock. “The company’s employees have an impressive track record of delivering innovative digital car and mobile location-based services, while working at companies like XM Satellite Radio, Motorola, Dash Navigation, Loopt and others.”

About Aha Mobile,SM Inc (www.ahamobile.com)

Aha Mobile makes drivers smarter by keeping them informed about the world around them. Founded in 2008, Aha has developed a connected back-end platform that is designed to power a wide array of consumer devices. The company’s first consumer application will be the first driver-focused interface for the iPhone. Through this unique application, Aha will provide the quick, at-a-glance answers drivers need to feel connected and confident on the road. Aha is currently recruiting beta testers and will launch its iPhone application in summer 2009. Based in Palo Alto, CA, Aha is backed by Venrock and led by a team of executives with over 37 years of experience developing automotive and location-based services applications.

About Venrock (www.venrock.com)

Venrock is a premier venture capital firm with offices in Palo Alto, New York, Cambridge, MA, and Israel. Originally established as the venture capital arm of the Rockefeller family, Venrock continues the eight-decade tradition of partnering with entrepreneurs to establish successful, enduring companies. Having invested $2.3 billion in 430 companies resulting in 124 IPOs over the past 40 years, Venrock’s investment returns place it among the top tier venture capital firms that have achieved consistently superior performance. With a primary focus on technology, healthcare, and energy, portfolio companies have included Adify, Adnexus Therapeutics, Apple Computer, Centocor, Check Point Software, DoubleClick, Gilead Sciences, Idec Pharmaceuticals, Illumina, Intel, Millennium Pharmaceuticals, Sirna Therapeutics, StrataCom, and Vontu. For more information, please visit Venrock’s website at www.venrock.com.

Source: Aha Mobile