GigaIO, a Carlsbad, California-based creator of data center rack-scale architecture for artificial intelligence (AI) and high-performance computing (HPC) solutions, raised $14.7 million in Series B funding.

The round was led by Impact Venture Capital with participation from Mark IV Capital, Lagomaj Capital, SK Hynix, and Four Palms Ventures.

The company intends to use the funds to expand its sales and marketing efforts by recruiting more partners and expanding channel programs.

Company:  GigaIO Networks, Inc.

Raised: $14.7M

Round: Series B

Funding Month: September 2021

Lead Investors: Impact Venture Capital 

Additional Investors: Mark IV Capital, Lagomaj Capital, SK Hynix, and Four Palms Ventures

Company Website: http://gigaio.com/

Software Category: Open standard composable infrastructure platform

About the Company: Incorporated in 2012 by Joey Maitra, and led by Alan Benjamin, President, and CEO, GigaIO provides an open standard composable infrastructure platform to transform legacy static data centers into elastic pools of resources as flexible as the cloud. Its Universal Composable Fabric, FabreXtm, orchestrates workloads by configuring any HPC and AI resource and integrating networking, storage, memory, and specialized accelerators into a single-system cluster fabric.

Source: https://www.finsmes.com/2021/09/gigaio-raises-14-7m-in-series-b-funding.html