Japanese HPC Cloud Startup XTREME Design Raises $2.75M
in Series A Funding, Opens New Markets with US Presence
XTREME announces first North American partner and launches new products at SC 17.
Tokyo, Japan, November 8, 2017 – Japanese HPC Cloud Startup XTREME Design Inc. (XTREME-D) today announced the completion of a $2.75M financing agreement in Series-A round funding led by World Innovation Lab (WiL). The total funding amount is now $4M, including the previous Pre-A round, and WiL is now the lead investor. XTREME-D will be exhibiting at Supercomputing in Denver, Colorado, November 13-16, where the company will be launching and pre-announcing several new products.
XTREME-D is well-known in Japan for architecting technical computing in the cloud. The company develops and sells XTREME DNA, a cloud-based, virtual, supercomputing-on-demand service that provides unattended services ranging from the construction of a high-speed analysis system on the cloud to optimal operation monitoring, and eliminates the systems after use. XTREME DNA was launched to cut costs and make it easy to build HPC clusters in just in 10 minutes. Cost savings extend beyond equipment, as engineers with the specialized skills required to construct complex clusters are no longer needed.
XTREME-D’s new funding will be utilized for R&D, market launch in the US, expanding the feature set of the company’s current products, and developing new solutions for launch in H1 next year. Details about upcoming products can be shared in private meetings at XTREME-D’s booth at Supercomputing, where demos of XTREME DNA and the launch of their new Computer Aided Engineering (CAE) template for ChainerMN (the distributed cloud version of the advanced parallel deep learning framework Chainer) can also be viewed.
“The market is expanding rapidly as demand for high-speed analytical systems for the Internet of Things (IoT), Artificial Intelligence (AI), Deep Learning, and Machine Learning grows,” said Masataka Matsumoto, General Partner of WiL. “These systems are needed not just within traditional HPC but also across broader fields, such as smart cities and bioinformatics. XTREME Design provides access to supercomputing resources for companies that didn’t previously have it, and has tremendous growth potential right now within High Performance Technical Computing and beyond.”
XTREME-D is capitalizing on this exciting market environment with overseas business expansion to both North America and EMEA. Vitec Electronics Americas of San Diego, California, is XTREME-D’s first US reseller, utilizing XTREME-D to provide a range of products, including access to the world’s fastest class GPU instance of SkyScale® (provided by One Stop Systems) running on Microsoft Azure. Partnership with WiL, which has offices in both Japan and United States, will help XTREME-D to make a full-scale entry into the North American market.
German-based ViMOS Technologies is XTREME-D’s first European reseller, and the company is interested in signing up additional ISVs and systems integrators across the US and EMEA. “We have a very strong offering that allows resellers to provide turnkey cloud-based virtual supercomputers to their customers, including software, middleware, and system configuration,” said Naoki Shibata, Founder and CEO of XTREME Design. “Being able to access a virtual supercomputer for minimal budget and no need of a specialized skill set to configure the system is a compelling sales pitch.”
Visit XTREME Design at booth 1485 at SC17 in Denver, Colorado from November 13-16 for an eyes-only sneak peak at next-generation products for the democratization of HPC.
About XTREME Design
XTREME Design Inc. was established in 2015 and is headquartered in Shinagawa-ku, Tokyo. The company has one goal – the democratization of supercomputing. Its cloud-based, virtual, supercomputing-on-demand service XTREME DNA makes HPC resources available to everyone, delivering an easy-to-use customer experience through a robust UI/UX and cloud management features. XTREME DNA delivers high-end compute capabilities supporting private, public, and hybrid cloud, featuring the latest CPUs, GPUs, and interconnect options. Applications include CAE, machine learning, deep learning, high performance data analysis, and IoT. For more information visit https://xtreme-d.net/en .
About World Innovation Labs
World Innovation Labs LLC (WiL) connects entrepreneurs with corporate resources to build global businesses. WiL Fund II, LP is a pooled venture investment development fund managed by WiL and headquartered in Palo Alto, California. The fund specializes in seed investments in technology, media, telecom, and technical services in the United States and Japan, and is engaged in fostering new business through collaboration with large companies. Through this collaboration WiL seeks to develop activities that accelerate open innovation and disseminate entrepreneurial spirit. For more information visit www.wilab.com.
XTREME Design Inc.