Rochester tech start-up reboots with new focus

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By Jeff Kiger, Post-Bulletin

“In business as in computer games, sometimes you need to reboot and start over.

That’s what’s happening at Hardcore Computer, a Rochester-based technology firm that is changing its name, leadership and focus of the company.

“It’s a re-start of the business,” says Bo Ewald, who took over as CEO on Tuesday. It’s now called LiquidCool Solutions.”

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Rochester startup morphs from Hardcore to LiquidCool with new strategy

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Via News Release

“Rochester, MN (July 23, 2012) – In a move to exploit its total liquid submersion patent portfolio, Hardcore Computer, Inc., announced today their new corporate name, LiquidCool Solutions. LiquidCool– arising from its flagship technologies – reflects the company’s new strategic vision of integrating and licensing its liquid cool submersion technologies for high-growth applications.”

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Hardcore Computer kicks off another multi-million dollar funding round

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Hardcore ComputerA Rochester startup that specializes in liquid-submersion cooling technologies for high performance computing environments is about to enter fundraising mode (again) according recent to SEC filings.

Hardcore Computer’s technology was originally introduced to the market in 2008, followed by liquid submerged blade servers in spring 2010,and has since expanded to three unique product lines:

  • LSS 200 liquid submerged server – desribed as “the world’s first rack-mountable server with total liquid submersion technology – delivering savings and sustainability to the enterprise.”
  • Detonator – a workstation for those “professionals who demand exceptional speed, versatility and rock-solid stability,” such as high frequency traders.

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Three Minnesota startups cultivating in North Dakota this week

Workface, Hardcore Computer and Preventice will be representing Minnesota across the border when Arthur Ventures (AV) hosts its inaugural ‘Cultivate’ partner conference in downtown Fargo.

Inspired by and modeled after the longstanding Sun Valley Conference, the objective is to provide Arthur’s six technology portfolio companies with the unique opportunity to “network, share and learn in an intimate and trustworthy environment,” according to partner Tadd Tobkin.

“We are a family and our investments are more than portfolio companies — these are mutual partnerships that we must foster growth in and prepare,” he says. “Cultivating is core to North Dakota’s agricultural roots and our values.”

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Rochester’s Hardcore Computer Raising Another Million

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Hardcore ComputerRochester-based Hardcore Computer has signaled plans of raising another funding round after filing a disclosure with the SEC showing that $100k out of $1m has been secured.

Hardcore Computer custom-designs and manufactures high-performance computer systems that use a variety of patented technologies, including liquid-submersion cooling. In addition to high performance computer systems, Hardcore Computer’s liquid-submersion technology is suitable for cooling a number of computing platforms, including servers, console gaming machines and laptops.

“We’re currently seeing a lot of interest in our Liquid Blade Server and will be applying our recent funding towards expanding this product line,” says CEO Al Berning.

The startup was founded in early 2006 by Daren Klum and Chad Attlesey — since which,  Klum has transitioned into a board role and pioneered another, separate hardware startup called CRAM Worldwide.   Hardcore’s technology was introduced to the market last spring; it’s estimated that the venture has raised $5m in combined funding thus far and has roughly 30 employees.  Earlier this year, it was announced that Sun Microsystems co founder Scott McNealy had become an advisor.  Keep an eye on this one in the near term…

 

Sun Microsystems Co founder Scott McNealy Now Advising Rochester Startup Hardcore Computer

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Via News Release

Hardcore Computer, Inc. announced today that Scott McNealy, co-founder of Sun Microsystems, is serving as an advisor to the company’s executives.

Hardcore Computer designs, manufactures, and markets top-tier, high-performance computer systems using their patented liquid submersion cooling technology to remove heat, the main barrier of electronics performance. Utilizing its Total Liquid Submersion technology, Hardcore Computer provides innovative, power efficient, high performance Liquid BladeTM servers, professional workstations and desktop computers, setting a new standard for computing performance, reliability and quality.”

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Over $60m Raised by Minnesota High Tech Ventures in 2010

by Zach Robins

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moneytreeDespite a year’s worth of articles bemoaning the condition of U.S. venture capital investing (see here and here and here), venture capital firms invested $21.8 billion nationally in 2010 (3,277 total investments), according to the National Venture Capital Association & PwC’s annual MoneyTree report.

This represents a 19% increase in dollars invested over 2009.

Minnesota’s 2010 story ends quite differently. Cross-sector startups raised a collective $140 million, marking a 48% drop from 2009, and the lowest Minnesota amount since the MoneyTree reporting began 15 years ago.

For 2010, TECHdotMN documents 42 unique high tech deals (IT, SaaS, web/mobile, digital media, hardware, telecom), totaling in excess of $60m invested in Minnesota-based technology companies throughout last year. Excluding Cymbet’s $31m round, 36 different ventures raised approximately $30m combined in 2010, or $857k per average round, according to the data.*

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Follow the money…who’s funding Minnesota tech? Updated Money Tree Report offers insight

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PricewaterhouseCoopers Money Tree North Central detailsReleased today were the transactional details of the 2nd quarter 2010 PricewaterhouseCoopers & National Venture Capital Association MoneyTree Report (PWCNVCAMTR), based on data by Thomson Reuters.

While innumerable opinions were cast about the fate of Venture Capital back in July when the initial Q2 press release went out, we stayed calm and quiet since there wasn’t any relevancy around Minnesota tech startups at the time.

But — what can we learn from the new data revealed?

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Hardcore Computer Intros Liquid-Submerged Blade Servers

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By Joseph F. Kovar, Channel Web

Hardcore Computer is preparing to introduce its patented total liquid submersion technology for blade servers as a way to cut data center power, cooling, and floor space costs.

Hardcore Computer’s Liquid Blade server platform consists of a low-cost blade server chassis which is filled with a proprietary dielectric liquid into which dual-socket server blades are submerged, said Chad Attlesey, CTO of the Rochester, Minn.-based system builder.”

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Rochester Minnesota startup Hardcore Computer raises 500k

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Hardcore ComputerAccording to a SEC filing dated Friday, April 9,  Hardcore Computer has secured $500k in unattributed funding. Back it the fall of 2008, it was reported that the Rochester, Minnesota-based startup had raised “several million” dollars, which historical SEC documents [1 2] appear to corroborate.

Hardcore Computer custom-designs and manufactures top-tier, high-performance computer systems that use a variety of patented Hardcore Computer technologies, including liquid-submersion cooling. By mitigating heat and building systems from the ground up, Hardcore Computer is able to push computer technology to its limits. In addition to high performance computer systems, Hardcore Computer’s liquid-submersion technology is suitable for cooling a number of computing platforms, including servers, console gaming machines and laptops.

Intel HardCore Reactor PC – ComputerTV at CES 2009

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