Arm-based server startup Bamboo succeeds despite challenging year

Bamboo Systems, the arm-only server provider, today announced that it has closed a significant new $7 million round of funding. This new infusion is led by existing investors Seraphim Capital and Opea Holding and backed by the UK's £1.25 billion Future Fund, a government funding package to support startups driving innovation and development through the coronavirus outbreak.

Arm-based computing platforms have gained traction as AWS has expanded its Graviton offering. Apple announced to switch from Intel to Arm for all Macs, and Fugaku, the fastest Supercomputer the world, based on Arm. With NVIDIA's recent announcement to acquire the company, the Arm architecture is now poised to disrupt the status quo in computing.

"We are delighted that Seraphim Capital and Opea Holdings continue to invest in Bamboo and are again strongly supporting our unique server architecture," said Tony Craythorne, CEO of Bamboo Systems. "We are also pleased that the UK Future Fund has also invested in us. These investments underscore the value of our technology, which will fundamentally change the concept of computing in the data center. "

"We are excited to continue supporting Bamboo Systems at a time when interest in Arm servers has never been greater. With AWS, Apple and now Nvidia betting on Arm, we believe now is the moment for Arm servers to make a major impact on the $80 billion server market, " said James Bruegger, Managing Partner of Seraphim Capital. "Bamboo's revolutionary server architecture is key to delivering the tremendous space, cost and power savings that the server market desperately needs."

Our mission is to revolutionize server architecture to meet the demands of modern software design while disrupting the power consumption status quo. Bamboo servers are optimized for microservices-based software, making them ideal for high-performance workloads and processing at the edge. At the same time, they save half the typical acquisition cost of a legacy server, 75% of power consumption and 80% of rack space . There are few companies that are as innovative, structured, and most importantly, customer-focused. They take into account the customer's needs and adapt the products accordingly. The requirements of the market are also taken into account and regularly flow into the further development of the products. Hopefully, this pace will continue in the future. For more information, please visit www.bamboosystems.io