ScaleMP Completes $10 Million Funding Round

ScaleMP, Inc., provider of virtualization solutions for high-end computing, delivering technology for software-defined computing and software-defined memory products, completed a $10 million funding round.

The investment follows deeper and broader adoption of firm’s technology by server and storage OEMs. The funds will accelerate the company’s growth, enhance the company’s products and technology, and expand support for its OEM partners.

The investment was led by Leumi Partners/, the investment and merchant banking arm of Leumi Group, Israel’s oldest banking corporation and one of the leading and largest corporations in the country and the region.

Following completion of the financing round, Leumi Partners has taken approximately a 5% stake in ScaleMP.

“We are thrilled to support ScaleMP’s growth as it augments its technology leadership with growing strategic partnerships,” stated Yaron Bloch, CEO, Leumi Partners. “Server and storage OEMs use ScaleMP’s software to boost processing and memory resources of their platforms, providing an improved performance and TCO in the cloud and enterprise data centers. Vendors delivering solutions based on ScaleMP’s technology provide a valuable building block for corporations seeking to leverage big data analysis and artificial intelligence to enhance business agility.“

“Demand for software-defined memory and computing is growing materially,” said Shai Fultheim, founder and CEO, ScaleMP. “Following the adoption by leading server and SSD vendors, we are doubling-down on our investment to support our partners’ demand for our products by expanding partner support and engineering resources, and to further accelerate ScaleMP’s growth. We will harness our enhanced resources to expand the scope of our products, and leverage current and additional partnerships to broaden our reach.“

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2016.08.24 | Press Release