View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 4, 1998


By CBR Staff Writer

Seattle-based Tera Computer Company has received $6m through a private sale of common stock to two institutional investors. The supercomputer firm, long on R&D and short on product, has spent over 10 years and at least $70m in developing its MTA multithreaded architecture supercomputers. It delivered its first product, a $4m two processor system to the San Diego Supercomputer Center early in 1998 (CI No 3,394). The company was due to add another two processors to the San Diego system by September 30 but according to CFO Ken Johnson the company is still ironing minor hardware problems. Johnson says that Tera is preparing for a major share offering in 1999. He could not put a figure on what the offering would be worth, but said that the company was shooting for $50m.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.