Concurrent Thinking Ltd, a Warwick, UK-based technology provider of a system deployment and management product for scalable computing infrastructures, has raised £1m in funding.
Investors in the round include original shareholders and new investor Carbon Trust Investment Partners.
The company’s product, ConcurrentCOMMAND, provides an open framework that allows channel partners and its end-users to deploy system and application software, and then monitor the state of hardware, software and environmental conditions so as to ensure system continuity, minimise costs and optimise system performance.
It is built using the latest Web 2.0 technologies, allowing it to be used from any internet-capable device.
The new funds will enable the company to grow the business internationally as well as reach a larger market within High Performance Computing and more mainstream computing sectors. A particular focus will be placed on exploiting the company’s technology for systemic energy management within data-centre environments.
In conjunction with the funding event, the company also announced that it spun out from Streamline Computing Ltd.
FinSMEs
18/06/2010