1. Calxeda gets $55M as ARM-based servers near reality

    Calxeda gets $55M as ARM-based servers near reality

    Calxeda, the Austin, Texas-based chip firm that’s using cell phone chips to build servers, has raised $55 million more from new investors that include Austin Ventures and Vulcan Capital, as well as the firm’s existing investors. The company, which just this month said its servers would be in production by the end of the year, had previously raised $48 million in a uniquely structured round designed to get the company all the way to actual customers.

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