"NextIO has attracted significant interest from the world's leading enterprise-class server providers," said George Ugras, General Partner, Adams Capital Management. "It's a testament to the unique technology solution the company has developed, which will slash costs across most performance points while enabling hot-plug maintenance and upgrades."
"The mid-range server market is the next major battle ground in the computer industry and every supplier wants to lead in this market," said K.C. Murphy, President and CEO of NextIO. "Our ability to attract both world-class investors and interest from the leading enterprise server market leaders helps validate the impact our products will have on the server industry."
NextIO, founded in January 2003, is currently developing its first commercial products. To date, NextIO has hired more than 18 people. The company plans to grow to 20 people by the end of this year and double its headcount by the end of 2004.
NextIO, Inc. is a developer of next-generation chips for enterprise-class computer servers. Led by a team of semiconductor veterans, NextIO is based in Austin, Texas and is a privately held company funded by Adams Capital Management, JK&B Capital and VentureTech Alliance.
NextIO is a registered trademark of NextIO, Inc. in the United States and other jurisdictions. All other company names mentioned are used only for identification and may be trademarks of their respective companies.