In terms of acquiring the IP and inventory from Intel, did you pay a sum for that?
I don‘t want to disclose any of the deal terms, but the way to look at this is that Intel is an investor in the company rather than someone that we’re paying. There are multiple ways to compensate Intel. One is cash, which we don’t have, and another is through equity, through ownership, let’s say.
What can you now do as a standalone company that the Omni-Path business under Intel couldn't?
When you‘re inside of Intel, Intel has a certain set of priorities. They have their own processors, for example, that they’re focused on. And they have certain levels of integration that they were focused on, and so that pulled the product line in a certain direction.
What we can do as an independent company is, we can make sure that there‘s choice across the board. We can work with all the different distribution partners, but we can also work with other technologies, not necessarily Intel technologies, and broaden the reach.
I need to be somewhat careful, because Intel is a big supporter, but they also recognize that the world has changed and that there are other options out there. That‘s a big piece of it: the ability to span across a lot of different technologies that are Intel and not Intel.
What are you going to use the Series A funding for?
So we have three swim lanes that are going on in parallel. One swim lane is just making sure that we continue to provide excellent support for all existing customers as well as our new customers. So that‘s No. 1. And No. 2 is continuing to improve and market and sell our current generation of products.
And then third, of course, is developing the next-generation products. Half of the company will be focused on the third part, which is the development of next-generation products, and the other half will be focused on the first two priorities.