LucixLogix multi-GPU startup gets more funding

Posted on Sunday, Nov 02 2008 @ 22:50 CET by Thomas De Maesschalck
LucidLogix, a startup working on universal multi-GPU technology, has secured $18 million in funding from Rho Ventures and some other parties. Last year the firm already received some funding from Intel Capital.
The investment from Rho Ventures with participation from existing investors Genesis Partners and Giza Venture Capital is the largest to date and brings total capitalization of Lucid to $32 million. It is noteworthy that the company that is focused on developing products aimed at premium-class personal computers and similar devices received funding amid economic downturn.

Lucid intends to use the funds for commercializing the company’s already announced and demonstrated Hydra multi-GPU technology and development of next generation products. It is interesting to note that LucidLogix promised to start volume shipments of the Hydra 100 engine for multi-GPU applications in Q4 2008, but there are a little more than two months left in the year 2008 and there are still no signs of Lucid’s Hydra approaching the market.
More info at X-bit Labs.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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