With $48M in VC in hand, Austin tech startup Smooth-Stone set to expand workforce
Austin-based startup Smooth-Stone Inc. is rocking the chip industry.
The 2-year-old company, a rival of Intel Corp., just received a whopping $48 million in venture capital from ARM, Advanced Technology Investment Co., Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and Texas Instruments Inc.
Part of the money will be used to ramp up hiring at Smooth-Stone, which bills itself as “Austin’s next great company.” The company employs 17 people now, but spokeswoman Laura Beck says Smooth-Stone plans to double the size of the workforce within the next few months.
Available jobs at Smooth-Stone include software engineer (six positions), IT and systems administrator, and technical writer.
The company says it’s “poised to revolutionize” the computer server business, so it needs an “exceptional team with outstanding skills, creative thinking and a passion to impact the industry.” Smooth-Stone describes its workplace as an “open and collaborative environment.”
Technology being developed by Smooth-Stone—software and mobile-phone-style chips—helps companies efficiently operate energy-hungry computer servers at data centers by boosting the density of computer resources while conserving energy and saving money.
“Our goal is to completely remove power consumption as an issue for the data center. Imagine that change for companies with a large presence on the Internet,” co-founder and CEO Barry Evans (photo) says. “They all deal with the reality that as the mass of information grows daily, so does their power consumption. Every day these companies are thinking about managing their data center sprawl. We want to make sure that space and power are not constraining their potential.”
For now, Smooth-Stone occupies a few offices at the Austin Technology Incubator in Northwest Austin. Beck says the company will be relocating soon to an undisclosed office building on MoPac Expressway.
Last year, Smooth-Stone received $250,000 from the Texas Emerging Technology Fund.
To see highlights from the 2009 Data Center Energy Efficiency Summit, click here.