OBX Computing Corp. announced a first close on its $1 million equity financing round, raising $175,000 from three investors. No placement agent was involved in the offering which will remain open for a year. This is the first known US private placement initiated by the company.
OBX Computing is a cloud computing company which aims at developing distributed data centers that will leverage the company’s patented technology related to LED lamps and lighting systems. This technology enables the aggregation of compute cycles resident in each LED lamp, ultimately reducing power consumption and lowering cost while boosting performance to run big data applications.
The company, headquartered in Cary NC, was founded in January 2013. It is lead by Thomas “Tom” R. Sullivan (President and CEO), Stu MacDonald (CCO), Ara Bederjikian (COO and CFO) and Gordon Campbell (Chairman).