Israel-based startup Speedata has secured $44m (NIS154m) in a Collection B funding spherical to advance its chip know-how tailor-made for knowledge analytics workloads.
The most recent funding brings the corporate’s complete capital raised to $114m.
The spherical noticed participation from traders together with Walden Catalyst Ventures, 83North, Koch Disruptive Applied sciences, Pitango First, and Viola Ventures.
Strategic traders additionally joined the spherical, amongst them Lip-Bu Tan, CEO of Intel and managing companion at Walden Catalyst Ventures, and Eyal Waldman, co-founder and former CEO of Mellanox Applied sciences.
Speedata is thought for its Analytics Processing Unit (APU), which is designed to considerably speed up massive knowledge analytic workloads throughout varied industries.
Concurrently, the corporate additionally introduced the launch of a brand new chip aimed toward enhancing massive knowledge analytics.
The APU, powered by Speedata’s custom-designed Callisto chip, addresses longstanding bottlenecks in knowledge pipelines, providing substantial acceleration for complicated analytics duties.
The chip has been examined by corporations in sectors resembling finance, healthcare, insurance coverage, and AdTech, the corporate stated.
The newly launched C200 PCIe card includes a PCIe Gen5 x16 interface and is designed to be appropriate with a variety of server environments.
It’s built-in with Speedata’s Sprint software program stack for Apache Spark, permitting job redirection to the APU with out requiring modifications to present functions or infrastructure.
Adi Gelvan, Speedata’s incoming CEO, stated: “Everybody is aware of that AI inference will rework our lives, however none of that occurs with out knowledge analytics first.
“To paraphrase the well-known saying: ‘Diamonds in, diamonds out’ – in different phrases, earlier than AI worth may be maximised, the info should be prepared. Speedata’s APU is the lacking hyperlink, unlocking scalable, real-time analytics that energy all the pieces from enterprise intelligence to medical breakthroughs to next-gen AI functions. It is the catalyst AI wanted to get to the subsequent period.”
“Speedata raises $44m in Collection B funding spherical” was initially created and revealed by Verdict, a GlobalData owned model.
The knowledge on this web site has been included in good religion for common informational functions solely. It isn’t meant to quantity to recommendation on which you need to rely, and we give no illustration, guarantee or assure, whether or not specific or implied as to its accuracy or completeness. It’s essential to acquire skilled or specialist recommendation earlier than taking, or refraining from, any motion on the premise of the content material on our web site.
Israel-based startup Speedata has secured $44m (NIS154m) in a Collection B funding spherical to advance its chip know-how tailor-made for knowledge analytics workloads.
The most recent funding brings the corporate’s complete capital raised to $114m.
The spherical noticed participation from traders together with Walden Catalyst Ventures, 83North, Koch Disruptive Applied sciences, Pitango First, and Viola Ventures.
Strategic traders additionally joined the spherical, amongst them Lip-Bu Tan, CEO of Intel and managing companion at Walden Catalyst Ventures, and Eyal Waldman, co-founder and former CEO of Mellanox Applied sciences.
Speedata is thought for its Analytics Processing Unit (APU), which is designed to considerably speed up massive knowledge analytic workloads throughout varied industries.
Concurrently, the corporate additionally introduced the launch of a brand new chip aimed toward enhancing massive knowledge analytics.
The APU, powered by Speedata’s custom-designed Callisto chip, addresses longstanding bottlenecks in knowledge pipelines, providing substantial acceleration for complicated analytics duties.
The chip has been examined by corporations in sectors resembling finance, healthcare, insurance coverage, and AdTech, the corporate stated.
The newly launched C200 PCIe card includes a PCIe Gen5 x16 interface and is designed to be appropriate with a variety of server environments.
It’s built-in with Speedata’s Sprint software program stack for Apache Spark, permitting job redirection to the APU with out requiring modifications to present functions or infrastructure.
Adi Gelvan, Speedata’s incoming CEO, stated: “Everybody is aware of that AI inference will rework our lives, however none of that occurs with out knowledge analytics first.
“To paraphrase the well-known saying: ‘Diamonds in, diamonds out’ – in different phrases, earlier than AI worth may be maximised, the info should be prepared. Speedata’s APU is the lacking hyperlink, unlocking scalable, real-time analytics that energy all the pieces from enterprise intelligence to medical breakthroughs to next-gen AI functions. It is the catalyst AI wanted to get to the subsequent period.”
“Speedata raises $44m in Collection B funding spherical” was initially created and revealed by Verdict, a GlobalData owned model.
The knowledge on this web site has been included in good religion for common informational functions solely. It isn’t meant to quantity to recommendation on which you need to rely, and we give no illustration, guarantee or assure, whether or not specific or implied as to its accuracy or completeness. It’s essential to acquire skilled or specialist recommendation earlier than taking, or refraining from, any motion on the premise of the content material on our web site.
