Retromaze gets fund backing
Warwick-based Retromaze has secured funding from the Early Advantage Fund and The Mercia Technology Seed Fund to further commercialise its high-performance computing and data-centre management appliances. It is the second investment by the recently launched Early Advantage fund, which is managed by Midven. Retromaze is a spin-out from its parent company Concurrent Thinking, whose name it will soon adopt. It has successfully built high-performance computing clusters for a large number of UK customers over many years. Midven has invested £125,000 in the company on behalf of the fund. Dr Michael Rudgyard, executive director of Retromaze, said: “This investment will allow us to grow our business and expand our trade opportunities to Europe and the US.”
