Syndicate raises cash for ARM server project

Texan outfit Smooth-Stone says it will raise $48 million from a unique syndicate of investors in order to change the way data centres work forever. The company - whose funding partners included Brit chip shop ARM, Advanced Technology Investment Company (ATIC), Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and Texas Instruments - says its goal is to completely remove power consumption as an issue for the data centre. "Imagine that change for...