Exactly three months after its $48 Million funding announcement, Smooth-Stone today detailed its company momentum, including significant new executive hires, new office space and renaming the company.  The new name, Calxeda, pronounced “Cal-zeh-dah,” is a derivative of the Latin for “Smooth-Stone.”  Calxeda is on track with its business and ARM-based product development plans, moving toward providing first samples of its industry-changing technologies in 2011. “According to Gartner, nearly 60% of datacenters point to power as [...]

It’s been almost two years since we first saw Smooth-Stone pitch their business at the Rice Alliance venture forum. The company has been making steady progress, culminating in a huge round of financing. The company announced it is raising $48 million from a unique syndicate of investors comprising industry leading venture capital firms and semiconductor innovators. That syndicate includes a pretty substantial group including the government of Abu Dhabi (via ATIC), traditional venture capital (Battery, [...]