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November 02, 2006
UK Supercomputing Startup Raises Capital
Concurrent Thinking (formerly known as Streamline Computing) has raised £1.7M from Oxford Capital Partners, Forward Group, and Midven. The new capital will be used to push product into the enterprise market and to bring some new ones from the lab to market.
Founded in 2000, it has some pretty tough competition from vendors such as IBM, HP, Sun, and Cray, but Concurrent says it has already delivered over 250 high performance computing clusters in the UK, Europe and the Middle East. Seven of its systems have appeared in the Top500 list of the world’s most powerful computers. The a:c euro notes that it's a list very much dominated by IBM.
It has both a hardware and a software/services division (Allinea Software). Customers include Rolls Royce, Corus, Schlumberger, Chevron Texaco, HP, IBM and Sun Microsystems.
Read - Concurrent Thinking Ltd announces £1.7M investment alongside record sales (press rel.)
Posted on November 2, 2006 01:17 PM | Posted to News And Updates | Permalink
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