“We are going to double our workforce within a year,” says Anders Dellson, CEO at Micronics, to Computer Sweden.

The company has closed $6 million of venture capital funding from three investment firms: Grande Ventures, LLC, a United States based firm and lead investor in this round, and Creandum and Teknoinvest, Scandinavian based firms and share holders in Mitrionics based on previous investments.

Anders Dellson says the funding will be used to expand the market and sales organisations, and to increasing its research and development efforts.

The company develops the Mitrion platform, a software that increases application performance up to 20x or greater over traditional processors, and enables hardware to execute the applications using only a fraction of the power consumed by traditional processor clusters.

“Customer demand for our software acceleration technology is strong and growing, especially in bioinformatics,” says Dellson. He continues “AMD and Intels processors will not get any faster; there is a market opening for parallel processors.”

Mitrionics was founded in 2001 and is based in Lund. The company has 20 customers, mainly in the US, but also in Europe and China.

For more information, visit the company web site at www.mitrionics.com