LucidLogix grabs $18 million in funding

— 1:21 PM on October 29, 2008

In August, we wrote about a novel invention in the realm of multi-GPU technology: LucidLogix's Hydra 100 system-on-a-chip. To sum up, Lucid claims the Hydra can combine the power of practically any collection of graphics processors (provided they all have the same driver) for near-linear performance scaling. And since it sits on the PCI Express bus, the Hydra could come either as an add-in card or a chip pre-mounted on the motherboard. That certainly sounds promising, and Lucid had a compelling demonstration at the Intel Developer Forum this summer.

We hadn't heard much since then, but today, Lucid says it has received a cool $18 million in funding from private equity firms Rho Ventures, Genesis Partners, and Giza Venture Capital. This is the biggest investment Lucid has secured so far, and it reportedly brings the company's "total capitalization" to $32 million. Rho (the newest and most generous contributor) sounds fairly enthusiastic about the technology, too—one of the firm's partners says in the press release, "The HYDRA scalable graphics processing technology has the ability to affect the price performance paradigm in systems of all types."

Lucid plans to use the funds for "commercializing [its] current technology and developing next generation products." Hydra chips could be hitting stores in some form before long, then, although the press release doesn't say anything about a release time frame.

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