Blade pioneer RLX gets new funding

By Stephen Shankland
Staff Writer, CNET News

RLX Technologies, a company that led the charge toward slim "blade" servers, has raised $12 million in a new round of venture funding, the company said Monday. ABS Capital Partners led the Series D financing round, with participation from Austin Ventures, GM Capital Partners, Soros Private Equity Investors, Sternhill Partners, Ignition, ComVentures, Erwin Investments and Cockrell Investment Partners.

The company, based in the Woodlands, Texas, raised $23 million in venture financing one year ago. The company dropped a bid to build general-purpose machines for tasks such as hosting large Web sites and now specializes in high-performance technical computing clusters.

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