Elastics.cloud Announces Strategic Investment by SK hynix
SAN JOSE, CA (January 10, 2022) Elastics.cloud, a Smart Interconnect technology company focused on enabling efficient and performant composable architectures, today announced a strategic investment by SK hynix - a world-wide semiconductor supplier of DRAM, NAND flash, and CMOS image sensors. Proceeds from the investment will enable Elastics.cloud to grow the engineering team to accelerate product development.
Headquartered in San Jose, CA, Elastics.cloud provides silicon, hardware, and software which leverages the emerging Compute Express Link (CXL) interconnect standard to provide high-performance connectivity to a broad ecosystem of components. Elastics.cloud’s unique solution will enable flexible, scalable, low latency composable systems which will greatly improve resource utilization, efficiency, and scalability while lowering overall costs.
“From our first meeting, SK hynix has been very supportive and collaborative with us in our vision of revolutionary, efficient, and high performance composable architectures. We are pleased to add them to our growing list of strategic partners and investors. Together, with our expanding sphere of partner companies, we will drive the future of smart, composable, system solutions,” said George Apostol, Elastics.cloud Founder and CEO.
“Elastics.cloud’s unique approach to component disaggregation aligns well with our direction, and their systems and software expertise will contribute greatly to leading the way for innovative system solutions enabled by SK hynix and CXL,” said Heejin Chung, Head of Venture Investment at SK hynix. “We look forward to working closely with them.”
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), Flash memory chips (“NAND Flash”) and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com
About Elastics.cloud
Elastics.cloud, Inc. is a Smart Interconnect technology company focused on enabling efficient and performant composable architectures to enable flexible, scalable, low latency composable systems. The company provides silicon, hardware, and software which leverages the Compute Express Link (CXL) interconnect standard to provide high-performance connectivity to a broad ecosystem of components.
For more information visit: www.elastics.cloud.
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Donna Mracek, Chief of Staff
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