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Statoil Technology Invests in Numascale

Today Numascale announced that Statoil Technology Invest has purchased a stake in the company after successful testing NumaConnect technology for large-scale real shared memory systems.

The new equity will strengthen our financial position significantly and enable Numascale to execute on its ambitious plan to become an important player in the huge and fast-growing market that supercomputing represents.” Said Hans Olav Torsen, Chairman of the Numascale Board and Partner in ProVenture Management.

Statoil has seismic data processing applications with extremely large memory requirements. With the NumaConnect technology, applications can have effective and cached access of up to 256 TeraBytes of main memory data. Read the Full Story.

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