Bitfusion Lands $1.45 Million in Seed Stage Capital

imgresBitfusion, an Austin-based startup, closed on $1.45 million in seed stage funding.

The company also announced it has been selected as a finalist in TechCrunch Disrupt’s 2015 Startup Battlefield.

Bitfusion, which participated in the Techstars Cloud program in San Antonio this year, has created specialized software that brings supercomputing performance to a variety of hardware devices to allow them to run any kind of application. It also has a partnership with Rackspace.

“Many enterprises miss the potential in their infrastructure: There’s always a high level of underused capacity, and our solution is designed specifically to identify existing hardware capabilities, implement optimized software packages for active applications, and achieve greatly enhanced performance,” Subbu Rama, CEO of Bitfusion, said in a statement. “Expensive horizontal scaling doesn’t have to be the default choice. By accelerating the existing hardware and significantly boosting software performance, businesses can fundamentally revise their essential operating practices, cut costs and pursue new market opportunities.”

Bitfusion received its funding from the Data Collective VC, Resonant VC and the Geekdom Fund.

Comments

  1. good news! Thanks

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