20 July 2009 - Gnodal Secures Additional Funding

Dawn Capital join Gnodal's current investors to accelerate the company's development and product deployment. Gnodal now has funding to execute its plan through to the latter part of 2010 and begin revenue growth.  

4 April 2008 - Gnodal Secures Funding to Scale Up Development of Data Center Technology

Bristol-based Gnodal, which  is developing a revolutionary technology for use in high performance data centers, has secured finance from the YFM Group managed South West Ventures Fund.   Adrian Beecroft and NESTA were co-investors in the round and a second closing saw the YFM Group managed Finance South West Growth Fund also investing in the company. 

Gnodal, which is located in the SETSquared business incubator at Bristol University, has developed technology that gives an order of magnitude improvement in data center performance and power efficiency.  With rapidly increasing volumes of information, data centers are growing in size and power consumption. Traditional technologies have become inefficient as data centers have increased in size.  

At present, these problems principally affect the very largest users of high performance computing facilities, but are increasingly experienced in enterprise and Internet data centers. With the advent of virtualisation, web 2.0 and sophisticated corporate applications, this is becoming more of an issue.  

The Gnodal solution offering a unique combination of high performance, low cost and low power, enables the construction of even larger scale data centers and higher performance computing systems. The market research company Dell ‘Oro predicts that in 2011 Gnodal’s addressable market will be worth $4.8 billion.

Fred Homewood, CEO of Gnodal, said:  ”Our products will offer performance levels significantly exceeding those found today in large data centers. We will be offering a range of products which scale in size from single rack solutions to the largest server systems and storage arrays.”

Julian Dennard, Senior Investment Manager at YFM Group, said:  "Gnodal has developed an innovative solution for a high growth market. Fred Homewood has put together a highly qualified and experienced team and we look forward to working with them."