For instance, it does not cost a whole lot to build a Cray computer.
Cray Computer will also receive up to $100 million in operating money over two years.
They can also be used to establish more permanent connections, for example, in the Cray 2 computer.
The changing environment has affected more companies than Cray Computer.
The financing, which took about two years and a Cray computer to prepare, was completed recently as a private placement with institutional investors.
Cray computers became famous for their vector-processing computers in the 1970s and 1980s.
Cray Computer plans to raise up to $29 million from a private stock sale to finance its Cray-3 supercomputer.
Analysts said the loss of the sale raised the question of whether Cray Computer could survive.
Cray computers were extremely expensive machines, and the number of units sold was small compared to ordinary mainframes.
Unable to find another buyer, Cray Computer said it would proceed with smaller versions using eight or four processors.