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Primeur weekly 2019-03-04

Focus

Belgium to contribute 5 million euro to Finnish led pre-exascale EuroHPC consortium ...

Crowd computing

Crowd computing network delves into protein structure and seeks new disease therapies ...

Quantum computing

Bosch and QuSoft start quantum computing collaboration ...

Faster method to read quantum memory ...

'Immunizing' quantum bits so that they can grow up ...

D-Wave previews next-generation quantum computing platform ...

Intel drives development of quantum cryoprober with Bluefors and Afore to accelerate quantum computing ...

Researchers move closer to practical photonic quantum computing ...

Focus on Europe

ISC 2019 keynotes will reflect challenges and opportunities ahead ...

Middleware

Western Digital uses Univa HPC Cloud solutions on Amazon Web Services to build million core cluster, improving business competitive advantage ...

Univa offers new support services to Open Source Grid Engine users ...

Hardware

Analytics market leaders DDN Storage and SQream partnering to deliver accelerated business decisions ...

Panasas announces new growth investment and additions to its Board of Directors ...

Fujitsu launches industry's first 600G hyperscale optical transport solution, empowering tomorrow's high-speed networks ...

VAST Data unveils its universal storage architecture to bring an end to the enterprise HDD and storage tiering era ...

Global High Performance Computing (HPC) Market 2019-2024 by Component, Infrastructure, Services, Price Band, HPC Applications, and Deployment Type ...

Applications

Stampede2 and Maverick systems at TACC help power visualization of Arctic Ocean data ...

University at Buffalo names Abani Patra to lead Center for Computational Research ...

Supercomputing enables sound prediction model for controlling noise ...

The Cloud

Mellanox propels JD Cloud to new levels of performance and efficiency ...

National Science Foundation funds second round for OSC's Open OnDemand ...

Panasas announces new growth investment and additions to its Board of Directors

26 Feb 2019 Sunnyvale - Panasas, a proven expert in high-performance computing (HPC) data storage solutions, has received a new round of private equity investment led by the investing arm of KEWA Financial, a U.S. insurance company, and Dowroc Partners, a private investment fund comprised of investment professionals with expertise in storage technology, energy, and Cloud computing. The investment will fund ongoing technology and product development and also support expansion into new markets, as well as the exploration of OEM relationships. Financial terms of the agreement were not disclosed.

The funding comes roughly three months after the game-changing launch of ActiveStor Ultra and PanFS 8, a new generation of the ActiveStor storage solution, that runs on industry-standard commodity hardware. ActiveStor Ultra is a scale-out network-attached storage (NAS) appliance designed for extreme performance and scalability configurations, and is ideally suited for applications that require the processing of large and complex data sets with high precision. Common applications include climate modeling, computer-aided engineering (CAE) simulation and analysis, energy exploration and precision medicine, as well as emerging workloads such as AI and autonomous driving.

PanFS 8, the intelligent parallel filesystem, has been completely re-engineered with innovative three-tier data placement to provide maximum performance, while retaining the plug-and-play capabilities that give PanFS the lowest cost of operation of any parallel filesystem. Now portable, PanFS 8 can run on any properly configured and qualified commodity storage hardware, allowing for rapid adoption of new hardware capabilities and an expanded portfolio of hardware options.

"We aim to invest in highly innovative engineering companies that have reached a unique inflection point where technology and business opportunities align to drive strong long-term growth, and we are excited to be working with Panasas", stated Robert Cihra, a partner at Dowroc Partners and a 20-year veteran Wall Street technology analyst. "We are looking forward to partnering with Panasas to accelerate product innovation and advance new market opportunities."

With this investment, David Wiley, founder and chief executive officer of KEWA, and Robert Cihra have joined the Panasas Board of Directors. The company also announced the addition of new board members Jonathan Lister, vice president of global sales solutions at LinkedIn, a proven sales leader and technology innovator, and Jorge Titinger, chief executive officer and founder of Titinger Consulting. Jorge Titinger is the former chief executive officer of SGI, a global expert in HPC, which was acquired by Hewlett Packard Enterprise in 2016. With the appointment of David Wiley, Robert Cihra, Jonathan Lister and Jorge Titinger, the Panasas board now has seven members; other members include Faye Pairman, president and chief executive officer, Panasas; Elliot Carpenter, chief financial officer, Panasas; and Andre A. Hakkak, founder and managing partner, White Oak Global Advisors.

"The PanFS portable parallel filesystem is a game changer for the HPC industry, opening new opportunities with customers who are frustrated with the complexities of open source filesystem solutions", stated Jorge Titinger. "The ease of use of PanFS combined with the performance and cost efficiency of an integrated ActiveStor or OEM-certified deployment, will make it a highly attractive value proposition for commercial and traditional HPC applications alike."

"This investment represents a strong vote of confidence from industry experts, not only in our technology, but also in the business growth we expect to see", stated Faye Pairman, president and chief executive officer at Panasas. "I am pleased to be working with our new board members who bring a wide and impressive range of technology, market, and financial expertise that will help guide the company as we move forward."
Source: Panasas

Back to Table of contents

Primeur weekly 2019-03-04

Focus

Belgium to contribute 5 million euro to Finnish led pre-exascale EuroHPC consortium ...

Crowd computing

Crowd computing network delves into protein structure and seeks new disease therapies ...

Quantum computing

Bosch and QuSoft start quantum computing collaboration ...

Faster method to read quantum memory ...

'Immunizing' quantum bits so that they can grow up ...

D-Wave previews next-generation quantum computing platform ...

Intel drives development of quantum cryoprober with Bluefors and Afore to accelerate quantum computing ...

Researchers move closer to practical photonic quantum computing ...

Focus on Europe

ISC 2019 keynotes will reflect challenges and opportunities ahead ...

Middleware

Western Digital uses Univa HPC Cloud solutions on Amazon Web Services to build million core cluster, improving business competitive advantage ...

Univa offers new support services to Open Source Grid Engine users ...

Hardware

Analytics market leaders DDN Storage and SQream partnering to deliver accelerated business decisions ...

Panasas announces new growth investment and additions to its Board of Directors ...

Fujitsu launches industry's first 600G hyperscale optical transport solution, empowering tomorrow's high-speed networks ...

VAST Data unveils its universal storage architecture to bring an end to the enterprise HDD and storage tiering era ...

Global High Performance Computing (HPC) Market 2019-2024 by Component, Infrastructure, Services, Price Band, HPC Applications, and Deployment Type ...

Applications

Stampede2 and Maverick systems at TACC help power visualization of Arctic Ocean data ...

University at Buffalo names Abani Patra to lead Center for Computational Research ...

Supercomputing enables sound prediction model for controlling noise ...

The Cloud

Mellanox propels JD Cloud to new levels of performance and efficiency ...

National Science Foundation funds second round for OSC's Open OnDemand ...