Today ScaleMP a leading provider of virtualization solutions for high-end computing, delivering technology for software-defined computing and software-defined memory products, today announced it has completed a $10 million funding round. The investment follows deeper and broader adoption of ScaleMP’s technology by server and storage OEMs. The funds will further accelerate the company’s growth, enhance the company’s products and technology, and expand ScaleMP’s support for its OEM partners.
Demand for software-defined memory and computing is growing materially,” said Shai Fultheim, founder and CEO of ScaleMP. “Following the adoption by leading server and SSD vendors, we are doubling-down on our investment to support our partners’ demand for our products by expanding partner support and engineering resources, and to further accelerate ScaleMP’s growth. We will harness our enhanced resources to expand the scope of our products, and leverage current and additional partnerships to broaden our reach.”
The investment was led by Leumi Partners, the investment and merchant banking arm of Leumi Group, Israel’s oldest banking corporation and one of the leading and largest corporations in the country and the region. Following completion of the financing round, Leumi Partners has taken approximately a 5 percent stake in ScaleMP.
We are thrilled to support ScaleMP’s growth as it augments its technology leadership with growing strategic partnerships,” stated Yaron Bloch, CEO of Leumi Partners. ”Server and storage OEMs use ScaleMP’s software to boost processing and memory resources of their platforms, providing an improved performance and TCO (Total-Cost-of-Ownership) in the cloud and enterprise data centers. Vendors delivering solutions based on ScaleMP’s technology provide a valuable building block for corporations seeking to leverage big data analysis and artificial intelligence to enhance business agility,” he concluded.
