PHYSICS

PathScale, Inc., developer of innovative software and hardware solutions to accelerate the performance and efficiency of Linux clusters, today announced it has closed an additional $15 million in funding to accelerate its aggressive growth plans. This latest financing round, led by Adams Street Partners of Chicago, follows A and B rounds totaling $14 million to equal $29 million now invested in PathScale. The new funds will be used for continuing technology development and an expansion of the company's global sales, support and marketing capabilities. PathScale's earlier investment partners included Charles River Ventures, Enterprise Partners Venture Capital, CMEA Ventures, ChevronTexaco Technology Ventures and the Dow Employees Pension Plan. All of the key existing investors participated in the oversubscribed Series C financing round. "Our evaluation of PathScale's technology, its professional team and its target markets determined that this company represents a unique opportunity, because it is effectively solving some of the most critical problems in Linux cluster efficiency," said Tom Berman of Adams Street Partners, who is joining PathScale's board of directors. "In addition to their superior 64-bit compilers, PathScale will be introducing some highly disruptive technology for scaling clustered servers". Over the past 60 days, PathScale shipped its initial product, the PathScale EKO Compiler Suite for AMD Opteron and AMD Athlon64 processor-based systems, and announced a teaming agreement with IBM to jointly market Linux compilers to IBM HPC customers on a global basis. The company also provided details on its PathScale FastPath Partner Program and announced the first sixteen distribution partners to join the program. "PathScale has experienced tremendous demand for its 64-bit compiler products and intense interest in our future cluster acceleration technologies which is now reflected in a substantial increase in the valuation of our company." said Scott Metcalf, PathScale's president and CEO. "Everything is on track for us to continue our global product roll-out and fulfill our corporate goals of reducing the cost of deploying applications, enhancing their performance, and accelerating the adoption of cluster computing for a broad range of applications." PathScale's EKO compilers have been proven to be the world's fastest 64-bit compiler suite for AMD Opteron and AMD Athlon64 processor-based systems running under Linux. SpecCPU2000 performance results, accepted and published by the SPEC committee on May 4, 2004, show the PathScale Complier Suite to be the fastest AMD64 compiler for both integer and floating point-intensive Linux-based applications.