Smooth-Stone, an Austin, Texas-based start up that develops a new generation of processors, has raised $48m from a syndicate of investors comprising venture capital firms and semiconductor innovators.
The capital will be used to complete development and market delivery of the company’s high performance, low-power consumption chips, which aim to make it possible for data center managers to increase the density of their computer resources while significantly reduce need for power, space and cooling.
Funding partners include ARM, Advanced Technology Investment Company (ATIC), Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and Texas Instruments Inc.
In conjunction with the investment, Battery Ventures, Flybridge Capital Partners and Highland Capital Partners, and ATIC, join the company’s board of directors, which now includes:
– Smooth-Stone, Barry Evans, CEO
– ARM, Tom Lantzsch, Executive Vice President, Corporate Development
– ATIC, Daniel Durn, Executive Director
– Battery Ventures, Ken Lawler, General Partner
– Flybridge Capital Partners, David Aronoff, General Partner
– Highland Capital Partners, Sean Dalton, General Partner
– Howard Bubb, semiconductor industry executive