This demo provides an in depth look at Liberate™ and Variety™, a new generation of IP characterization products from Altos Design Automation Inc. Utilizing Altos' novel "inside view" approach, the demo shows how characterization can be sped up significantly yet still yield the same accuracy with better model quality that existing approaches. The demo also highlights the challenges of modeling process variation and how Variety enables the creation of statistical timing libraries in order to reduce design guard bands thereby enabling faster timing closure and lower power consumption.