Durham startup secures investment for supercomputer technology
Durham based Fumarii Technologies has completed an investment deal with the help of Muckle LLP to develop and launch its new cloud platform and computers.
Founded by Durham University graduate Liam Gill, the company aims to support individuals and small businesses by turning any computer into a ‘supercomputer’ through its self-developed technology.
Following two previous investment rounds that enabled Fumarii to develop its first unit, the latest investment will be used to bring the product to market, expected by the end of 2019.
Founder and CEO Liam explained: “From concept to design and manufacture, we’ve worked really hard over the last 20 months or so, and it’s fantastic to be able to receive these investments.
“We wanted to complete the latest investment within 24 hours and I was impressed with Muckle LLP’s ability and flexibility in delivering this on time, helping us to realise our vision.”
Speaking about the investment, Muckle LLP corporate solicitor Harry Hobson added: “We’re delighted to help Fumarii achieve the funding they needed. These are considerable investments for a company of this size, which will help to revolutionise the technology industry.
“Liam and the team at Fumarii have created something truly innovative and, with the backing of these recent investments, I’m sure this is the start of something incredibly exciting for the business, the sector and the region.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular North East morning email for free.