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Linux Networx nets $37 million in funding

Lehman Brothers, Canaccord Adams and others invest new money in Linux-based supercomputer maker

Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise Processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science. Credentials
  • Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.
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Stephen Shankland

Lehman Brothers and Canaccord Adams have contributed to a $37 million investment in Linux Networx, a company that builds high-performance technical computing clusters running Linux and its own software. The two firms joined earlier investors Oak Investment Partners and Tudor Ventures in the funding round, Salt Lake City, Utah-based Linux Networx said Monday.

The funding will be used to speed development of the company's software, which is designed to improve systems management, reliability, performance and efficiency. "We look forward to working with the Linux Networx team to build a dominant company in the supercomputing industry," said Eric Salzman of Lehman Brothers' global trading strategies group in a statement.