Terascala Scores $3M

AVON, Mass. -- Terascala, Inc., a new company developing a next-generation Linux cluster architecture today announced that the company has secured $3 million in first round funding from Ascent Venture Partners. Terascala will use the capital to accelerate its sales and marketing activities, and to increase its manufacturing capabilities as it continues to ship beta versions of its product.

Terascala is developing the industrys first system for computing and storage that combines high density and power efficiency in a common architecture. The product is designed to meet the rigors of the Linux cluster marketplace including high performance computing, Web 2.0, and server virtualization applications.

IDC estimates the high performance supercomputing industry will grow from $9.2 billion in 2005 to $14 billion in 2010.

“Organizations worldwide are just beginning to look to high performance computing clusters to run commercial applications, and we believe the time is right for a new clustered blade architecture that meets the requirements of this rapidly growing market,” said Genovesi.

Ascent Venture Partners