The additional funding provided by Dell combined with the original $10 million secured from Series A investors, Adams Capital Management, JK&B Capital and VentureTech Alliance (a TSMC corporate investment fund management company), will be used by NextIO to expand its development efforts and engineering team.
"Attracting financial support from strategic OEM partners and potential customers like Dell is further validation that the technology we've developed promises to have a significant positive impact on the server industry," said K.C. Murphy, President and CEO of NextIO. "We are pleased to have Dell's support and look forward to working closely with the company as we bring our first commercial products to market."
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, VentureTech Alliance and Dell.
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.