Terraspring Launches Data Center-Scale Computing Architecture

📅 June 18, 2001 - Terraspring, Inc. (terraspring.com), a grid computing software company announced both its launch and the completion of a new round of funding totaling more than $28 million on Monday.
Accel Partners, EMC Corporation, Hewlett-Packard Company, and Mohr Davidow Ventures participated in the round, which brought Terraspring's total equity raised to $54.5 million to date.
Terraspring says it has reinvented how companies buy and manage computing resources. The company says its Grid Computing Architecture allows service providers and enterprises to deploy IT infrastructures on demand, ultimately powering new applications, uses, and business models.
Terraspring is focused on driving dramatic improvements in the way infrastructure resources, including computing and storage, are bought and managed. Data center operators are working to meet the strategic application needs of their users and are looking for solutions to facilitate time consuming and inflexible tasks, such as procuring, deploying, and managing hardware. Terraspring's Grid Computing Architecture provides data center operators with control over a highly flexible and rapidly interchangeable computing infrastructure, allowing them to focus on what is strategic to their businesses.
The technologies, which are extensible to any operating system, application or device are designed to optimize computing assets. They can be deployed on a data center scale, eliminating vast amounts of segmented floor space and reducing the underutilization of equipment and racks. Terraspring estimates that using its solution, a 100,000 square foot data center that currently houses 6,000 servers, could be deployed in an 8,000 square foot facility or in just 8% of the space required today.
"Web hosting has shifted radically in the last 18 months from the standpoint of who has more square feet to who can maximize all resources from engineers to floorspace," says Andrew Schroepfer, President of Tier 1 Research. "Terraspring's Grid Computing Architecture not only exponentially increases utilization and automates laborious tasks, but also substantially improves the process for delivering hosting services."
"This is a game changing technology that will alter the economics of today's computing infrastructures and enable applications that no one has even thought of yet," said Ian Bonner, president and CEO of Terraspring. "From here on out, companies won't be limited by the boundaries of their current infrastructures."
Terraspring's software will be available in the fourth quarter of 2001. Beta testing with service providers began in May 2001.