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.More info at X-bit Labs.
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.
LucixLogix multi-GPU startup gets more funding
Posted on Sunday, Nov 02 2008 @ 22:50 CET by Thomas De Maesschalck