Ampere Computing raises new round of capital, including new investor Arm
SANTA CLARA, Calif., April 11, 2019 /PRNewswire/ -- Today, Ampere announced a new round of funding including participation from new investor Arm, a subsidiary of SoftBank Group. Current investor The Carlyle Group led the round with participation from other existing investors. This marks the second major investment round for Ampere, which was launched in 2017. The companies did not disclose the amount of new capital or valuation.
"This significant investment from Arm and our initial investors signals their confidence in the future of Ampere and allows us to continue to accelerate and deliver our robust roadmap," said Renee James, Ampere founder, CEO and Chair. The company announced its first product, eMAG™, in October 2018.
"A robust ecosystem is critical to advance the Arm® architecture as the foundation for transforming the modern cloud to edge infrastructure," said Rene Haas, president Arm IP Products Group. "Investing in Ampere underscores Arm's commitment to accelerating both our ecosystem and availability of diverse Arm-based silicon solutions for an infrastructure market long deprived of choice and flexibility."
Patrick McCarter, Managing Director at The Carlyle Group said, "We are thrilled with the progress Ampere has made over the past 18 months and are excited to continue supporting the team as they work to transform the market for server processors that power modern cloud workloads."
About Ampere
Ampere is designing the future of hyperscale cloud and edge computing with its 64-bit Arm server processor architecture. Born in and built for the cloud with a modern architecture, Ampere gives customers the freedom to accelerate the delivery of the most memory-intensive applications such as artificial intelligence, big data, machine learning and databases in the cloud. The Ampere eMAG™ family of products delivers the highest memory throughput and lowest TCO tailored for the emerging growth of cloud computing and next-generation data centers. For more information, visit www.amperecomputing.com
About Arm
Arm technology is at the heart of a computing and connectivity revolution that is transforming the way people live and businesses operate. Our advanced, energy-efficient processor designs have enabled intelligent computing in more than 130 billion chips. More than 70% of the world's population are using Arm technology, which is securely powering products from the sensor to the smartphone to the supercomputer. This technology, combined with our IoT software and end-to-end connectivity, device and data management platform, enables customers to derive real business value from their connected devices and data. Together with our 1,000+ technology partners we are at the forefront of designing, securing and managing all areas of compute from the chip to the cloud.
All information is provided "as is" and without warranty or representation. This document may be shared freely, attributed and unmodified. Arm is a registered trademark of Arm Limited (or its subsidiaries). All brands or product names are the property of their respective holders. © 1995-2018 Arm Group.
About The Carlyle Group
The Carlyle Group is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $216 billion of assets under management as of December 31, 2018, Carlyle's purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.
Web: www.carlyle.com
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SOURCE Ampere
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