Calxeda Closes $55 Million Funding Round
New Investors Include Austin Ventures, Vulcan Capital
Austin, TX (PRWEB) October 09, 2012
Calxeda, the company that invented the concept of using ARM® technology to slash data center power, today announced $55 million in additional funding, one of the largest semiconductor capital deals this year. The funding is comprised of investments by Austin Ventures and Vulcan Capital plus additional participation by the firm´s existing investors. Calxeda will use the funding to accelerate adoption and innovation in the emerging market for ultra-low power scalable computing. The company now employs over 100 people, with offices in Austin and Silicon Valley and subsidiaries across Asia.
“This significant infusion of capital will accelerate the exciting trajectory we´ve been on for the past four years,” said Calxeda co-founder and CEO Barry Evans. “Businesses require a more efficient solution for the Web, Cloud, and Big Data. That is what Calxeda is now delivering and this funding will enable us to go bigger and faster.” Performance testing and power measurements conducted by Calxeda and third parties confirm Calxeda´s initial projections: Calxeda delivers as much as a ten-fold improvement in energy efficiency compared to today´s commodity X86-based servers.
“In the time since we first met Calxeda, they have executed exceptionally well, and the market has begun to embrace disruptively power-efficient datacenter architectures,” said Clark Jernigan, Venture Partner, Austin Ventures. “Calxeda has also demonstrated solid customer traction across several key end user segments, and we are very excited to join their already impressive investor group.”
“I am very impressed with the innovative approach and completeness of Calxeda´s vision,” said Steve Hall, managing director, Vulcan Capital. “Calxeda thinks like a solution company, aligning their technology to solve the bigger challenges. They aren´t just chip guys.”
Founded in January 2008, Calxeda brings new performance density to the datacenter on a very attractive power foot print by leveraging ultra-low power processors as used on mobile phones as a foundation for its revolutionary technology. Calxeda will make it possible for datacenter managers to increase the density of their computer resources while significantly reducing the need for power, space and cooling. Calxeda is funded by a unique syndicate comprising industry leading venture capital firms and semiconductor innovators, including ARM Holdings, Advanced Technology Investment Company, Austin Ventures, Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and Vulcan Capital. See http://www.calxeda.com for more information.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb9993099.htm