“The network is the computer.” - John Gage, 1984

HPC and cloud computing: the 21st Century arms race

● Essential to almost every major industry:● fintech, oil and gas, pharma, biotech, aerospace,

automotive, architecture, climate modelling (especially for insurers), Hollywood SFX, 'big science', cryptography, search engines, etc

● Server farms cost $billions, can cover several football fields and use more power than a town

● Already at limits of energy use in most places● Always huge queues to use HPC (if allowed)● Essentially just a lot of PCs in the same room

Unsurprisingly, cloud computing (SaaS, PaaS, IaaS) is fastest-growing IT sector ● Already a $120Bn market (source: IDC)

● Growing at 30% CAGR● $241Bn market by 2020 (source: Forrester)

● All the major players involved: Amazon Web Services, Microsoft, IBM, Google, Oracle, Rackspace, Salesforce, Wolfram Cloud

● Hundreds of smaller specialised clouds, eg. satellite photos, flood modelling, render farms, web-crawling on demand (eg. mining Twitter or any huge dataset, finding phishing sites, etc)

The ultimate cloud computer is the Internet itself

● Over 2Bn networked PCs, 1Bn+ smartphones● Millions of tablets, smart TVs, consoles, set-top

boxes● Uses more electricity than any country except

USA, China and Russia● Would fill 50 football stadiums● Self-repairing, self-upgrading, always on● Cost over $2Tn just in hardware● Not wasting vast amounts of energy for cooling

Not just huge, but growing

● Majority (5Bn) of world population still not online● Deluge of IoT devices just beginning● Connected cars, homes, wearable tech, health

monitoring, anything with a screen ● 50Bn online devices by 2020 (source: Cisco)

● Growing not just by computation power per node, but also by number of nodes

● Only platform beating Moore's Law; not just faster chips, but adding millions more daily

Yet the ultimate computer is virtually idle

● The average PC now runs at <1% capacity● A billion smartphones do nothing every night● Millions of tablets, smart TVs, consoles, set-top

boxes are mostly idle, most of the time ● Wasting $500m - $1Bn of computing daily● Unused capacity constantly increasing

● All of it can be harnessed – as BOINC proves...

Over $2Bn-worth of PC time already donated to BOINC projects

By less than 0.1% of PC owners

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VOLUNTEER PCS

How to impress the 99.9% who are not persuaded by science?

We sell the donated PC time and share the profits: 1/3rd to charity, 1/3rd to us

and 1/3rd to users - as huge cash prizes

Silent, low-energy background task – about same as charging two phones

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Even if a user never wins a jackpot, they are always computing for the best

of good causes – so they stay

Result: world's cheapest, greenest computing platform – all from spare capacity nobody was using anyway

CHARITY ENGINE COST TO MAKE CHARITY ENGINE RETAIL AMAZON COST TO MAKE AMAZON RETAIL0

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PER CORE/HOUR (CENTS)

Tech press already aware

The Charity Engine team

● Mark McAndrew, CEO

● Mark Roberts LLB MBA, CLO

● Robert Pearce MBA ACCA, CFO

● Regis Dubois, CTO

● Phil Robertson, CMO

● Matt Blumberg, Grid Republic*

● Tristan Olive, Grid Republic*

● Rytis Slatkevičius, Grid Republic*

● Jonathan Brier, community liaison*IT services provider. Personally recommended by Prof David Anderson, BOINC Director, UC Berkeley, as the best BOINC team in the world (the software CE uses)

Notable advisors

● Prof David Anderson, BOINC Director, UC Berkeley

● Prof Stephen Wolfram, Wolfram Research

● Anil Hansjee, ex-head of M&A, Google EMEA

● Michael Geer, previously founder of Badoo

● Andrew Romans, General Partner, The Founders Club

● Dr Ethan Siegel, astrophysicist and award-winning blogger

● Dr David Gorski, oncologist and award-winning blogger

● Andreas Bauer, MD, four40 Ventures Ltd

Awards and industry recognition

● Silicon Valley Comes To The UK '100 Club' – one of 63 UK tech companies SVC2UK predicts will hit $100m+ revenue within 3-5 years

● Smarta 100 Award winner

● Accelerate 250 Award winner

● CompareTheCloud.net Best Cloud Pitch winner

● Member of International Desktop Grid Federation

● Recipient of EU FP7 science funding for IDGF

● Member of HPC UberCloud Experiment

● Member of Cloud Advisory Council

Reasons for raising now● Hockey-stick growth, only limit is our servers:

● Every PC earns something from mining, customers or not● Huge customer pipeline including Wolfram, EGI, Import.io

First 10x growth

First 40x growth

First 100x growth (+overloaded servers)

Now generating over 1m core-hours and 100k GPU-hours every day

● Huge capacity – would cost up to $200k/day from AWS● Cost us under $20,000 using our new online adverts

Aug 15: Rosetta@home announces CE grid sent it 100k+ PCs – in one week

Deal and terms● Seed round PMV: $1.75m

● Four angel investors, family and friends● Pre-launch valuation, before we found coin-mining or the

install-on-demand vendors – or even owned the URL

● Current pre-money: $8.65m● Two years building infrastructure, analytics and other tools● Brand recognition, serious customer pipeline in place● Scales almost at will, clear path to profitability

● Investment sought: $1.4m● Small return for angels, buy back some minor shareholders ● Will result in grid of PCs worth over $1Bn – and rising