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Datacenter chip startup gets cash influx from ARM, ATIC, TI

Posted: 18 Aug 2010 ?? ?Print Version ?Bookmark and Share

Keywords:datacenter? server? processors?

A group of investors including ARM, Advanced Technology Investment Co. (ATIC) and Texas Instruments Inc. have invested a total of $48 million into server chip startup Smooth-Stone Inc.

The amount will be used to develop high-performance, low-power chips that will ''change the server market and the makeup of datacenters.'' Smooth-Stone, founded in 2008, claims to bring ultralow-power mobile phone technology to the datacenter.

The company has yet to announce a product, but it will most likely be based on ARM's technology.

Smooth-Stone funding partners include ARM, ATIC, Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and TI. The ATIC is a specialist investment company created by the government of Abu Dhabi.

The state of Texas also announced an investment of $250,000 in Smooth-Stone, through the Texas merging Technology Fund (ETF).

"Our goal is to completely remove power consumption as an issue for the datacenter,'' said Smooth-Stone CEO Barry Evans, in a statement.

- Mark LaPedus
EE Times

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