SiCortex, which makes energy-efficient high-end servers, is going out of business, reports CNET News. Though it has raised $42 million in the past, the well ran dry from its venture capital investors.
The Boston Globe quotes Steve Conway, a high-performance computing analyst at IDC., saying:
From what I understand, the investors decided to call it quits. Investors right now are impatient, more so than they were before the recession hit.
The company's customers included MIT, Boston University, the National Aeronautics and Space Administration and General Electric.
CNET says intellectual property manager Gerbsman Partners is trying to sell SiCortex's assets.