Company Maintains Up-Round Valuation and Existing Investor Participation
Cupertino, Calif. – April 1, 2008 – ScaleMP, a provider of virtualization solutions for high-end computing, today announced that it has received $8 million in new venture funding, bringing the total raised to $26 million. Participation in this up-round funding included all of the existing investors: Sequoia Capital, Lightspeed Venture Partners, TL Ventures, and ABS Ventures. This announcement coincides with the official launch of the company and its technology, whose details have also been announced today.
“ScaleMP is revolutionizing the high-end computing market by aggregating multiple industry-standard x86 servers into a single system,” said Barry Eggers, general partner at Lightspeed Venture Partners, and chairman of the board at ScaleMP. “We have been with the company since the beginning, and continue to be impressed with the expertise and drive of the ScaleMP team. During 2008, I expect the company to build upon its strong customer traction and market momentum, as well as the strategic partnerships that it has already established.”
“We are proud of the continued commitment our investors have showed us. This new round of funding will be utilized to broaden our product offerings and expand our sales channels,” said Shai Fultheim, founder and CEO of ScaleMP. “Through our worldwide network of partners, systems based on our technology are already installed around the world, serving the Global 5000 customers in verticals such as manufacturing, energy, life-sciences, and financial services.”
The ScaleMP aggregation technology allows a server to expand outside a single system boundary, addressing growing end-user requirements for large memory systems or systems with high-core count. The vSMP Foundation™ aggregation platform is a software-only solution that eliminates the need for extensive R&D or proprietary hardware components in developing high-end x86 systems, and reduces overall end-user system cost and operational expenditures. It utilizes up to sixteen x86 systems to create a single shared-memory system with 4 to 32 processors (128 cores) and up to 1 TB of RAM, providing significantly better price/performance compared to traditional SMP systems and lower Total Cost of Ownership (TCO) compared to clusters.
ScaleMP is the leader in virtualization for high-end computing, providing higher performance and lower Total Cost of Ownership (TCO). The innovative Versatile SMP™ (vSMP) architecture aggregates multiple x86 systems into a single virtual x86 system, delivering an industry-standard, high-end symmetric multiprocessor (SMP) computer. Using software to replace custom hardware and components, ScaleMP offers a new, revolutionary computing paradigm. The company is backed by Sequoia Capital, Lightspeed Venture Partners, TL Ventures, and ABS Ventures. For more information, please call (408) 342-0330 or visit www.scalemp.com.
vSMP Foundation is a trademark or registered trademark of ScaleMP. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.
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