Speedata raises $44m in Series B funding round
From Yahoo Finance: 2025-06-04 11:35:00
Israel-based startup Speedata secures $44m in Series B funding to advance chip technology for data analytics. Total capital raised now at $114m. Investors include Walden Catalyst Ventures, 83North, and Koch Disruptive Technologies. Strategic investors like Intel’s CEO and former Mellanox CEO also participate.
Speedata known for Analytics Processing Unit (APU) to accelerate big data analytics. Launches new chip to enhance analytics, addressing data pipeline bottlenecks. Chip tested in finance, healthcare, insurance, and AdTech sectors. Newly introduced C200 PCIe card designed for compatibility with various server environments.
New chip integrates with Speedata’s Dash software stack for Apache Spark, allowing job redirection to APU without modifications. Incoming CEO Adi Gelvan emphasizes importance of data analytics for AI transformation. APU seen as essential for scalable, real-time analytics powering various industries, from business intelligence to medical breakthroughs to AI applications.