Israeli system-on-chip (SoC) manufacturer LucidLogix Technologies has received $18 million in Series C venture funds from Rho Ventures , the company announced in a press release on Wednesday.
Lucid has now raised $32 million in all. It intends to use the funds to propagate its multi-GPU HYDRA technology , which is an alternative to Nvidia SLI and ATI Crossfire multi-GPU solutions.
“Our recent announcements and engagements with major partners have demonstrated that we can deliver and commercialize our technology,” said an optimistic Offir Remez Hydra, Lucid’s founder and VP of business development. Hydra scores over SLI and Crossfire due its unique ability to extract 100% linear performance from each of the GPUs – it supports up to four GPUs from the same manufacturer.
Lucid can pat its back for having secured fresh funding when most venture capitalists have pulled in their horns as the global economy wades through a turbulent storm.