Powerllel Corporation, the leading provider of breakthrough parallel computing software solutions for enterprise-wide business applications, announced it has raised $5.6 million in its first round of venture financing. The investment round was co-led by Kodiak Venture Partners and Castile Ventures. The company will use the new capital to fund growth in the company's sales and marketing initiatives and further enhance product development resources. "Kodiak and Castile offer world-class industry and operational expertise which will be instrumental in driving licensing revenue to record levels," said Joe McCurdy, CEO of Powerllel. "Their investment allows us to leap frog our direct and channel sales efforts as well as expand our industry lead as innovators in parallel enabling application centric solutions." Powerllel provides solutions for accelerating the performance of applications by adapting them to run in a parallel and distributed computing environment. Powerllel reduces the development time, costs and risks associated with implementing distributed and parallel computing solutions. Its software can be used with new, existing and legacy applications. Initially developed for financial services applications, Powerllel's parallel computing software is a breakthrough solution for multiple industries, including energy, manufacturing, and life sciences. The diverse requirements of these industries validate the broad relevance and flexibility of the Powerllel software. "It is thrilling to take the company to the next level with focused and knowledgeable venture investors," said Eliot Listman, founder and executive vice president of Powerllel. "The timing of adding to our team with experienced management is ideal as the market is ready for Powerllel's value in enabling order of magnitude application performance improvement using parallel computing on grids and clusters. " "With business and market pressures increasing, more and more organizations are leveraging grid computing solutions to streamline compute-intensive processes to sharpen competitive advantage," said Songnian Zhou, CEO, Platform Computing. "Powerllel's unique technology turbo charges applications in a distributed and grid computing environment, enabling firms to conduct business faster, but with fewer operational resources and at a lower cost." "Businesses are struggling to speed their enterprise applications and to improve overall operations," said John Abraham, a general partner at Kodiak Venture Partners. "Powerllel's technology addresses this issue by delivering enormous performance improvements for time-critical business applications which allows enterprises to run faster and more accurately." "Powerllel is at the forefront of enabling clustered and grid computing to operate in commercial data centers and is well positioned to assume a dominant role," said Marcia Hooper, Partner at Castile Ventures. "Increasingly, enterprises in a wide variety of industries are seeking the ability to run new and legacy applications on clustered and grid computing at high performance levels. By delivering critical supercomputing power based on an easy to adapt, manage and deploy software platform, Powerllel represents an outstanding value proposition to the enterprise and investment opportunity for Castile." John Abraham and Marcia Hooper join Joe McCurdy and Eliot Listman on Powerllel's board of directors. Powerllel Corporation is the leading provider of breakthrough parallel computing software solutions. Its highly extensible, dynamic and real-time solutions accelerate the performance of applications by adapting them to run in parallel and distributed computing environments. Powerllel delivers increased ROI to businesses by reducing the development time, costs and risks typically associated with distributed and parallel computing. Using a unique parallel processing technology, the solution includes an application-centric parallel framework that can be used for new, existing and legacy software. The benefits of Powerllel's solutions can be realized with a local cluster of machines or with a larger grid computing solution. Kodiak Venture Partners is a Waltham, Massachusetts-based venture capital firm focused on seed and early stage investments in emerging communications/IT, semiconductor and software companies. With a focus in the eastern regions of the U.S. and Canada, Kodiak Venture Partners builds relationships with entrepreneurs seeking accelerated market success. Kodiak's investment partners are successful high-technology business entrepreneurs who take a high-impact, hands-on approach to forming, operating, building and funding market leaders. For more information, visit http://www.kodiakvp.com. Castile Ventures is an early-stage venture capital firm investing in innovative enterprises developing future generations of communications, software and IT infrastructure. Based in Waltham, Mass., Castile is distinguished by the deep sector expertise and business-building experience of its partners. The firm's signature is a high degree of value-added support delivered through lasting partnerships with entrepreneurs. For more information, visit http://www.castileventures.com.