UKFast Backs Accelerating Tech Startup
Article date: Tue, 14 Nov 2017 09:14 GMT
Manchester cloud hosting firm UKFast is taking a stake in Reconfigure.io, a hotly tipped startup which unlocks increased processing potential within servers.
Reconfigure.io is based in Manchester, with a 13-strong team working across the globe, including a number of high-end developers in the USA.
The move makes UKFast the largest single investor in Reconfigure.io’s current funding round and is part of CEO Lawrence Jones’ mission to speed up the internet.
Jones said: “This is an extraordinarily exciting investment for UKFast and for the future of the internet. There are only so many times you can launch a new chip with increased processing power or add more cores.
“Reconfigure.io is unlocking the technology that supports growth in virtual reality, big data and machine learning. There is an incredible future ahead for these guys.
“Ultimately, we’re committed to speeding up the internet – it’s in our DNA – and Reconfigure.io is facilitating the very technology to make this happen. We'll be looking to make use of it within our products as we look to integrate greater use of AI and machine learning.
“Reconfigure.io is undoubtedly set to make a huge difference to a lot of businesses.”
Field-programmable gate arrays (FPGAs) are chips with the capacity to process information significantly faster than traditional CPUs. Reconfigure.io lets users program FPGAs with Go – a more simple programming language than the complex code commonly required to program FPGAs.
The technology means businesses bypass the current need for hard-to-find developers and costly R&D budgets.
Common applications for FPGAs include AI and machine learning, cloud monitoring, data analytics and the Internet of Things (IoT), all of which require high-performance compute power to process large datasets.
Reconfigure.io CEO Rob Taylor said: “With this investment, UKFast becomes the single largest investor in this funding round. We look forward to building a working partnership and creating the next generation of computing infrastructure.
“We aim to bring on investors who add value to our business and having this relationship with UKFast opens many major doors.”
UKFast is the UK’s largest independently owned hosting provider and is on track to turnover £46 million in 2017.
Lawrence Jones’ business portfolio also includes cybersecurity firm Secarma, technology magazine and events company BusinessCloud, office fit-out and refurbishment company UKFast Space and a ski hotel in Verbier, Switzerland.
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