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The Silicon Review Asia

Speedata Raises $55 Million in Series A, Exits Stealth

Speedata Raises $55 Million in Series A, Exits Stealth

Speedata exits stealth after Series A round

Netanya-based Speedata has announced that the company has exited stealth after raising $55 million in its Series A round. The round was led by Walden Catalyst Ventures, 83North, and Koch Disruptive Technologies (KDT), with participation from existing investors Pitango First, Viola Ventures and prominent individual investors including Eyal Waldman, Co-Founder and former CEO of Mellanox Technologies.

Speedata is known for its first-of-its-kind Analytics Processing Unit (APU), which is designed to accelerate big data analytic workloads across industries. The technology is disrupting the way analytics and databases are processed in datacenters. With this round, the company total funding comes up to $70 million.

"Much like NVIDIA's GPU revolutionized the AI space, Speedata's unique APU will transform database computing. Data processing is a swiftly growing, multi-billion-dollar market in which acceleration will unleash the use of data in the applications of tomorrow and help countless entities reliant on big data innovate and compete. I look forward to supporting this extraordinary team as they reimagine big data processing for years to come," said Eyal Waldman, Co-Founder and former CEO of Mellanox Technologies and board member at Speedata.

As part of the Series A, Eyal Waldman and Lip-Bu Tan, Managing Partner of Walden Catalyst Ventures, Chairman, Walden International and CEO, Cadence Design, will join Speedata's board of directors.

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