San Mateo, Calif. - March 2, 1998 - Inktomi Corporation today announced the completion of a $12 million private mezzanine round of financing with institutional investors. The funds will be used for general corporate purposes as well as expanding sales and marketing. In a separate release, Inktomi today announced the launch of its European operations in Epsom, England. Existing investors in the company include Oak Investment Partners and Intel Corporation.

Established in 1996, Inktomi's founding premise is that the current exponential Web growth requires high performance software that scales to millions of users. The company has developed two applications based on its parallel and cluster computing technology - Internet search and the Traffic Server™ network cache. Both software applications are designed to scale to over a terabyte of data, enabling them to effectively serve the more than 175 million Web users expected worldwide by the year 2001 (source: International Data Corp.). To date, Inktomi has forged partnerships with world leading companies including Intel, Microsoft, and Sun Microsystems for its software applications.

"Inktomi is one of a small set of companies positioned to build network infrastructure at Internet scale," said David Peterschmidt, president and chief executive officer. "We believe that Inktomi's scalable network applications represent a foundation for smarter, more powerful networks."

Inktomi's technology underpins the world's largest online search engines, indexing over 110 million documents. Inktomi powers leading search services on four continents, including Wired's HotBot service in the U.S. and Nippon Telegraph and Telephone's Goo search engine in Japan. Later this year, Inktomi's search technology will be included in Microsoft's online properties. Inktomi's Traffic Server network cache is the industry's first terabyte cache designed to reduce massive congestion over the Internet and increase overall network efficiency. Backbone providers, Internet Service Providers, and large corporations worldwide can realize substantial economic benefits by deploying Traffic Server within their networks.

About Inktomi
Inktomi develops scalable network applications that dramatically improve Internet information access and delivery. These innovative solutions deliver extreme performance at dramatic cost savings by leveraging Inktomi's unique parallel and cluster computing technologies. Inktomi applications, including the world's largest search engines and carrier-class network cache software, are designed for Internet Service Providers, backbone carriers and other customers seeking to solve large problems.