Smooth Stone, an Austin, Texas based company building servers using the chips found inside cell phones, has raised a $48 million initial round of funding from
ARM, Advanced Technology Investment Company, Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and Texas Instruments. The news is a big deal, not only because Smooth Stone is attempting to solve the power problems plaguing IT by building a server that uses an
ARM based processor more likely found inside of a cell phone, as opposed to the x86 processor found inside most computers, but it's also a systems company that's managed to raise a chunk of money in a capital constrained environment. Smooth Stone CEO Barry Evans has been courting his investors for a long time, but it wasn't until enough investors came on board with sufficient money that folks like Battery Ventures, which is leading the round, or Highland Capital Partners and Flybridge, felt comfortable joining.
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Smooth Stone, an Austin, Texas based company building servers using the chips found inside cell phones, has raised a $48 million initial round of funding from <span class="company">ARM</span>, Advanced Technology Investment Company, Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and Texas Instruments. The news is a big deal, not only because Smooth Stone is attempting to solve the power problems plaguing IT by building a server that uses an <span class="company">ARM</span> based processor more likely found inside of a cell phone, as opposed to the x86 processor found inside most computers, but it's also a systems company that's managed to raise a chunk of money in a capital constrained environment. Smooth Stone CEO Barry Evans has been courting his investors for a long time, but it wasn't until enough investors came on board with sufficient money that folks like Battery Ventures, which is leading the round, or Highland Capital Partners and Flybridge, felt comfortable joining.
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