Sviral inks $20 mln funding deal with Pinetree Capital
Sviral Inc has secured additional financing from Canadian investment and merchant banking firm Pinetree Capital. Pinetree, which invested US$5 million in the company in June, has purchased an additional 10 million shares, worth 25 percent of total Sviral securities, and the rights to acquire an additional 10 million shares. The investment is valued at US$20 million in total. The Sunnyvale, California-based Sviral said the new funding will allow it to move forward in the deployment of the company's multi-core processing technology to expand capacity in multiple compute-intensive markets.
22 July 2014•4 mins read
