What does Speedata do?
Speedata is developing a dedicated accelerated processor for big data analytics. The company's Analytics Processing Unit is designed to optimize datacenter and cloud-based database and analytic workloads, providing significant improvements in performance while reducing costs, power consumption, and space.
How much did they raise?
The company raised $44M in its Series B round, led by Walden Catalyst Ventures, 83North, Koch Disruptive Technologies, Pitango First, and Viola Ventures, with strategic investors including Lip-Bu Tan and Eyal Waldman. This funding brings the total capital raised to $114M.
What are their plans for the money?
With the new funds, Speedata intends to expand its operations and development efforts, which could lead to breakthroughs in big data analytics performance and broader industry adoption across cloud providers, enterprises, and private datacenters.
What have they achieved so far?
Speedata has already developed its Analytics Processing Unit, which significantly improves performance-per-cost for databased and analytic workloads, demonstrating its potential impact in the industry.
