Calxeda Raises $55M in Funding
Calxeda, an Austin-based developer of ultra-low-power server chips that use ARM-based processor, has raised $55m in additional funding.
Backers include new investors Austin Ventures and Vulcan Capital and existing investors ARM Holdings, Advanced Technology Investment Company, Battery Ventures, Flybridge Capital Partners, and Highland Capital Partners.
The company intends to use the capital to continue to develop its technology, which is now used in iPhones and iPads, and bring it to data centers.
Founded in January 2008 by CEO Barry Evans, Calxeda now employs over 100 people in Austin and Silicon Valley: It also operates subsidiaries across Asia.