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Energy-efficient SiCortex runs out of juice
SiCortex, a company that makes energy-efficient high-end servers, is shutting down and seeking to sell its assets, according to reports.
Maynard, Mass.-based SiCortex was unable to close a follow-on round of financing because its venture capital investors did not have money available, according to a report at high-performance computing site Inside HPC. SiCortex has raised $42 million from Chevron Technology Ventures, Flagship Ventures, JK&B Capital, Prism VentureWorks, and Polaris Venture Partners.
Intellectual property manager Gerbsman Partners is trying to sell the assets of SiCortex, according to a blog post from Gerbsman. A memorandum posted on Thursday from … Read more
