After several months of preparation, the Appentra Team is excited to announce that UNIRISCO is now supporting the Appentra’s business plan. The funds are an important support for the accomplishment of Appentra´s strategic plan during 2016-2017. The funds will be used to raise the startup to the next stage throught the development and commercialization of the new Parallware suite in the High Performance Technical Computing (HPTC) market.
High Performance Computing (HPC) is accelerating the rate at which science and industry can interpret the millions of data that affect economy and society in the modern world. Failure to do so has critical consequences:
- The USA suffered 8 climate events in 2014 with damages over $1 billion each which could have been prevented or ameliorated with better and faster weather models.
- Only one in four oil exploration wells is successful due to lack of detailed geophysical models, and the cost of exploration has tripled in the last decade.
- 70% of the cost of genome sequencing for medical applications is due to computational operations, which also delay the diagnosis for several weeks after sample collection.
The range of HPC applications extends from structural design to stock investment, influencing the speed at which we do business, explore the planet or cure disease.
HPC multicore supercomputers that perform billions of operations per second to confront these challenges are already available, but progress is not reaching its full possibilities because the software cannot keep up. The effort required to produce HPC software is restricting progress in many industrial fields due to very high costs. Our Parallware tools are creating great interest in all types of entities devoted to parallel programming, from industry (such as Oil&Gas) to University, from training stages of junior programmers to great experts in the HPC field.
About UNIRISCO: Formed in November 2000 as part of a University of Santiago initiative, UNIRISCO Galicia is a venture capital group promoting the creation of companies making use of university knowledge. This is achieved through short-term investment operations in their financing or through other financial instruments, always with the criteria of profitability and job creation in mind.
About Appentra: Technology-based company spin-off of the University of Coruña established on July 24, 2012. Appentra provides top quality software tools that allow extensive use of High Performance Computing (HPC) techniques in all application areas of engineering, science and industry. Appentra’s target clients are companies and organizations that run frequently updated compute-intensive applications in markets like aerospace, automotive, civil engineering, biomedicine or chemistry. Research and development is a strategic value for the company, and innovation is the engine to provide new innovate HPC software solutions that meet the needs and improve the productivity of our clients.
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