Concurrent Thinking has successful raised £1.7m.
Concurrent Thinking is a leading provider of cluster integration and monitoring software and services to the High Performance Computing (HPC) or Supercomputing market.
Concurrent Thinking has established a reputation for delivering high quality clusters in the UK, Europe and the Middle East. It has now delivered over 250 systems, including seven that have appeared in the Top 500 list of the world’s most powerful computers, and its customers include Rolls Royce, Corus, Schlumberger, Chevron Texaco and most of the UK’s leading universities. It also provides development tools to optimise and debug programs on massively parallel systems. The software has been accredited by major Tier One vendors such as HP, IBM and Sun Microsystems, and is currently being ported to some of the largest supercomputing platforms in the world.
The funding will be used to scale the business both internationally and into the broader enterprise computing market.
“ICON’s experience was invaluable in getting us the funding we were looking for! Given the challenges that small companies face in balancing the day-to-day needs of the business with longer-term funding requirements, we were delighted to have an experienced corporate finance adviser in Eddie to help us manage the whole fundraising process. Raising venture capital is by no means an exact science but ICON’s understanding of the market and assistance in the deal negotiations helped us to secure a successful funding round with an experienced and supportive investor syndicate”
Michael Rudgyard, CEO, Concurrent Thinking