In addition to securing the new round of funding, NextIO announced that Wayne Cantwell, a partner of Crescendo Ventures, has joined the NextIO board of directors. Mr. Cantwell joins the company's other board members, who include Shane Robison, executive vice president and chief strategy and technology officer for HP; K.C. Murphy, CEO of NextIO; George Ugras, general partner of Adams Capital Management; Connie Capone, a partner of JK&B Capital; and Chris Pettey, CTO of NextIO.
"We are pleased with the continued support we receive from leading investment firms like Crescendo Ventures," said K.C. Murphy, NextIO's CEO. "It's an example of the ongoing validation we experience for the benefits our technology will bring to the mid-tier server industry. We look forward to working with Wayne Cantwell and the rest of our board members and investors as we work toward that goal."
NextIO, founded in January 2003, is developing its first commercial products. To date, the company has raised more than $20 million in funding.
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 Crescendo Ventures, Adams Capital Management, JK&B Capital, VentureTech Alliance (TSMC) 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.