Stata Backs Clik Arts

Clik Arts Inc., a Lexington, Mass.-based developer of software for multi-core computing, has raised an undisclosed amount of Series A funding led by Stata Venture Partners.

PRESS RELEASE
Cilk Arts, Inc. (www.cilk.com), a leading developer of software for multi-core computing, announced the completion of its Series A financing. The round was led by Stata Venture Partners, with participation from a network of software industry executives, as well as Cilk Arts' founders and board of directors. Financing terms were not disclosed.

Cilk Arts is a private company founded to ease the transition to multi-core computing for software developers and users. The company's first offering is Cilk++, a set of products that allow rapid development of reliable, high performance applications for chip multiprocessors.

In conjunction with the financing, Cilk Arts welcomed Ray Stata, founder and Chairman of Analog Devices, and Paul Levine, previously founder and CEO of Atria Software, to its board of directors. Stata and Levine join Jeff Fried, VP of Advanced Solutions at FAST, as outside board members.

The shift to multi-core processor architectures creates enormous challenges for both the developers and users of performance-sensitive software, as well as the semiconductor vendors who serve them,” said Stata. “We believe Cilk Arts, with the anticipated delivery of Cilk++, is the solutions supplier best-positioned to help the industry address these challenges.”

“Cilk Arts is serving a market with great potential,” said Levine. “I'm impressed with the founding executive team at Cilk Arts. I see, in the team and in the technology they are leveraging, the key ingredients for a very successful business.”

“For our Series A financing, we sought to add investors with deep industry experience, expertise and relationships that could help forward our corporate mission,” said Duncan McCallum, CEO of Cilk Arts. “We are building a software business that leverages a tectonic shift in the semiconductor industry. Ray Stata brings a wealth of semiconductor industry wisdom, as well as expertise in what it takes to create a $1 billion high tech company. Similarly, Paul Levine's experience building a highly-successful software tools company from founding through an IPO will be a big boost to Cilk Arts.”

About Stata Venture Partners

Stata Venture Partners is a private equity fund that invests in early stage new business opportunities around the world. They have strategic investments in a wide array of technologies ranging from semiconductors to telecommunications backbone and infra- structure. Stata Ventures specializes in helping companies build the internal infrastructure and long term strategic plan needed to be successful in today's dynamic marketplace. Stata Ventures was begun by Ray Stata, founder and Chairman of Analog Devices (NYSE: ADI), a leading semiconductor corporation.

Paul Levine

Paul Levine has spent the last 10 years as a venture partner at a leading venture capital firm. Paul was previously the founding CEO of Atria Software, a venture-backed software tools companies, where he built a business that developed, distributed, and supported a high-end configuration management system for large software development teams. Paul led Atria through an IPO in 1994. Atria reached a market capitalization in excess of $1 billion under Paul's leadership.

About Cilk Arts, Inc.

Cilk Arts is a private company founded to ease the transition to multi-core computing for software developers and users. The company's first offering is Cilk++, a set of products that allow rapid development of reliable, high performance applications for chip multiprocessors. Cilk++ is inspired by the award-winning Cilk multithreading language, the result of 15 years of research at MIT led by Professor Charles E. Leiserson, Cilk Arts' Founder and CTO. Cilk Arts is funded by Stata Venture Partners, a group of successful software industry executives, founders and board members, and a grant from the National Science Foundation.