Parallel processor developer raises $3.6m

"Parallel processing and high performance computing are of huge interest to us as these markets are developing quickly and changing dramatically," said Ori Bendori, partner at Carmel Ventures. "Adapteva's approach is very different than the traditional silicon vendor model and we believe this could lead an industry transformation – just the type of innovation we like to invest in." "The potential for major returns in energy efficiency and performance gained from parallel processing are clear, and in fact critical, to support rapid growth in the telecoms industry. This makes innovations such as Adapteva's very exciting for Ericsson and for the customers we work with," added Sebastian Tolstoy, vp of business development for Ericsson's PA Radio business network. Adapteva, founded by former Analog Devices TigerSharc engineer Andreas Olofsson, initially raised $1.5m from Bittware, allowing it to produce the 16 core Epiphany processor on a 65nm process. Looking to develop a 64 core implementation, the company launched the Parallella Project in 2012 with the goal of raising $3m via Kickstarter. In the end, it raised $900,000, allowing it to develop the Parallella board, pictured, featuring an ARM processor, an FPGA and the Epiphany parallel processor.