Battery Ventures Leads $7 Million Round in Orion Multisystems; Provides First Institutional Round of Funding to Company.WELLESLEY Wellesley, town (1990 pop. 26,615), Norfolk co., E Mass., a residential suburb SW of Boston; settled 1660, inc. 1881. Its many educational institutions include several private preparatory schools, Babson College, and Wellesley College. , Mass. -- Battery Ventures, a leading venture capital firm focused on investing in technology companies at all stages of growth, today announced that it has completed a $6 million investment in Orion Multisystems, Inc., a Silicon Valley company founded by computer industry veterans which has developed the highest performance, general-purpose computing platform See platform. that can be powered by a standard wall outlet. The $7 million Series B round was Orion's first institutional round of financing and will be used by the company to execute its business objectives with a focus on the development, commercialization and deployment of its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the Orion Cluster Workstation. In conjunction with the funding, Battery also announced today that Ollie Ollie may refer to the following:
The Orion Cluster Workstation brings unparalleled performance into the hands of engineering, scientific, financial and creative professionals who need to solve computationally com·pu·ta·tion n. 1. a. The act or process of computing. b. A method of computing. 2. The result of computing. 3. The act of operating a computer. complex problems. An Orion system is designed from the ground up as a single computer built for individual users. Twelve compute To perform mathematical operations or general computer processing. For an explanation of "The 3 C's," or how the computer processes data, see computer. nodes share a single circuit board for the desktop system, while the deskside system can scale up to 96-nodes using eight interconnected boards. The entire system boots with the push of a button and has the look, feel and ease-of-use of a traditional workstation running a standard Linux operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. . No assembly or systems integration is needed and minimal configuration is required to immediately run clustered applications. "The cluster community has grown dramatically despite the headaches associated with cobbling clusters together," said Ollie Curme, general partner, Battery Ventures. "Orion has packaged the power of a large cluster into the form factor, price, and ease of use of a small PC. We believe this breakthrough will truly change the high performance computing computing - computer landscape, by freeing scientists and engineers from the cost and complexity of maintaining large clusters." "I am excited about Orion's future and pleased that Battery will be working with us as we deliver on our vision for aggressively growing the company," said Colin Hunter, president and chief executive officer, Orion Multisystems. "The demand for our Cluster workstations has been high and we look forward to working with customers to help them improve productivity and performance through a new generation of high performance computing solutions." About Battery Ventures: Battery Ventures is a leading venture capital firm focused on investing in technology companies at all stages of growth. With a team of over 25 experienced investment professionals, Battery leverages its people, expertise and capital to actively guide companies to category dominance. The firm has invested in over 170 technology companies worldwide across the communications, software, infrastructure, and media and content industries. From its offices in Wellesley, MA and San Mateo San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , CA the partnership manages over $1.6 billion in committed capital. The firm's exceptionally strong investment returns have given it one of the best track records in the industry. For more information, visit www.battery.com |
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