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October 25, 2006
Virtensys Raises $12M First Round_ Updated
Manchester-based Virtensys is throwing its hat into the ring to create components for makers of virtualization or utility computing systems. Scottish Equity Partners, which backed Wolfson Microelectronics and Cambridge Semiconductor, is leading a pack of backers that include Canada's Celtic House and Belgium's GIMV in a $12M first round.
he majority of the team was most recently with the Integrated System Division of Xyratex, which is developing PCI Express and switching interconnect products.
The company doesn't reveal its specs to the public so it's impossible to say who it might end up competing with, as both the product and technology areas on its website are password protected. But we'll follow up in due course.
Update: Byte And Switch's reporters got an interview with Virtensys and have some details about the market and the competition. Two of this startups rivals are PLX and NextIO. They are all developing small form factor PCI Express-based technologies that can be deployed in server and storage systems, it says.
Read - VirtenSys Secures (press rel.)
Read - Virtualization startup raises (ByteandSwitch)
Posted on October 25, 2006 04:10 PM | Posted to News And Updates | Permalink
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