Speedata News
4 articles
growth-positive
Speedata, a Tel Aviv, Israel-based company developing a dedicated accelerated processor for big data analytics, raised $44M in Series B funding
Speedata, based in Tel Aviv, has secured $44 million in Series B funding to further its development and operational expansion. The company specializes in creating accelerated processors for big data analytics, aiming to enhance performance and reduce costs for datacenters and cloud-based workloads. This funding round was supported by notable investors such as Walden Catalyst Ventures, 83North, and Koch Disruptive Technologies, among others. With this latest investment, Speedatas total capital raised has reached $114 million. The companys Analytics Processing Unit (APU) is designed to optimize database and analytic workloads, offering significant improvements in performance and efficiency.
InvestmentExpand
growth-positive
With a purpose-built processor to accelerate data analytics, Speedata aims to replace racks of servers and redefine performance benchmarks in an AI-driven world.
Speedata, an Israeli startup, has launched its Analytics Processing Unit (APU) powered by the Callisto chip, designed to accelerate big data analytic workloads. This launch coincides with the completion of a $44 million Series B funding round, bringing the total capital raised by Speedata to $114 million. The funding round included investors such as Walden Catalyst Ventures, 83North, Koch Disruptive Technologies, and others. Speedata aims to redefine performance benchmarks in an AI-driven world by replacing racks of servers with its purpose-built processor. The company has also appointed Adi Gelvan as its new CEO. The APU is seen as a timely innovation to meet the rising demands of big data analytics.
Product StageInvestmentManagement Changes
growth-positive
חברת Speedata המענינת נחשפת - Chiportal
Speedata, a company specializing in data processing technology, has raised $55 million in a funding round led by Walden Catalyst, with participation from existing investors 83North and Koch Disruptive Technologies. The companys unique processing technology is adaptable and capable of handling large workloads and massive amounts of data. The funding will support the companys continued growth and development. Eyal Waldman, former CEO of Mellanox, has also joined as a private investor. Speedata aims to revolutionize the data processing market and improve data utilization in various applications.
Investment
growth-positive
Speedata's chip for analytics workloads gets a $55M boost
Speedata, a semiconductor infrastructure company, has raised $55 million in a series A funding round led by Walden Catalyst Ventures, 83North, and Koch Disruptive Technologies. The funding will be used to support Speedatas go-to-market strategy for its analytics and databases unit (APU), which is designed to accelerate data-heavy workloads. The company aims to address the increasing amount of data being created and the growing demand for analytics. Speedatas APU can replace multiple racks of processors, reducing costs and energy consumption. The companys unique focus on analytics and databases sets it apart from other processor startups that primarily focus on AI and machine learning. Speedatas scalable architecture addresses the bottlenecks of analytics and is compatible with legacy software. The company has reached the advanced development stage and plans to expand its workforce.
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