The Israeli company Speedata raised $ 55 million in Round A

The Israeli company Speedata raised $ 55 million in Round A.
Walden Catalyst Ventures, 83North and Koch Disruptive Technologies (KDT), led by existing investors Pitango First, the Viola Fund, and independent investors, led Walden Catalyst Ventures, 83North and Koch Disruptive Technologies (KDT), with the participation of existing investors in the Big Data Database Processing Unit. , Co-founder and former CEO of Mellanox Technologies.
Speedata was founded by Jonathan Friedman, Dan Harash, Rafi Shalom, Itai Inza, Yoav Etzion and Danny Weitzhov. Speedata raised $ 15 million in the lime round. Waldman and Lip-Bo Tan, managing partner at Catalyst Ventures, chairman of Walden International and CEO of Cadence Design, will join the company's board of directors.
Speedata has developed a processor to accelerate the processing of large-scale cloud-based databases. The company hopes that the processor will be able to significantly improve the processing capabilities of database analysis systems in data centers - which in the age of big data have become an essential product in a wide range of companies and organizations.
The unique accelerator, Spidata says, will allow organizations to analyze large amounts of data faster and more efficiently, while improving costs and significantly reducing energy consumption - including healthcare, finance, communications, real estate and more.
"Database analysis is undergoing a revolution, and processors are accelerating a significant role in this revolution," Waldman said. "Similar to the revolution that NVIDIA has brought about through the GPU in the field of AI, Spidata's unique APU will change the face of the computing field of databases. Data processing is a rapidly growing market, worth many billions of dollars.