An Orange-based computer company led by former eMachines Inc. executives has landed $8 million in funding and plans to move its headquarters to Silicon Valley.
NComputing Inc., which has come up with a way for several users to share one computer, raised the initial round of funding from BA Venture Partners in Foster City.
Young Song, a cofounder and former executive of eMachines, started NComputing. The company’s chief executive is Stephen Dukker, founder and former head of eMachines, which is now part of Irvine-based Gateway Inc.
NComputing sells what it calls “full PC functionality” for $70 per user. Its NStation uses a combination of computer gear and software that allows several users to share one PC.
The product taps into the unused computing power of PCs, which typically use just a fraction of their available processing power.
NComputing said it has more than 140,000 units in schools and businesses in 45 countries.
“We knew we were making some very bold claims and needed to prove that NComputing technologies deliver an uncompromised user experience before going out to raise a venture round,” Dukker said.
NComputing plans to move to Silicon Valley “in the coming weeks” and keep its distribution and technical support operations in Orange.
As part of the funding deal, Jim Jones, a managing director at BA Venture Partners, and Rob Herb, a venture partner with the firm and former chief marketing officer with Advanced Micro Devices Inc., will join NComputing’s board of directors.
