NeuroBlade Raises $ 83 Million in Series B Funding to Massively Accelerate Data Analysis
TEL AVIV, Israel – (COMMERCIAL THREAD) –Neurolame, the next generation of data acceleration solutions, today announced it has secured $ 83 million in Series B financing, bringing the total invested capital to $ 110 million. The investment was led by Corner Ventures with input from Intel Capital, and supported by current investors StageOne Ventures, Grove Ventures and Marius Nacht. Additionally, technology companies such as MediaTek, Pegatron, PSMC, UMC and Marubeni have also provided funding during this cycle. Funding will be leveraged as the company expands its engineering teams in Tel Aviv and strengthens its sales and marketing teams globally.
NeuroBlade has developed a new data analysis architecture that eliminates major bottlenecks in data movement by integrating the function of processing data inside memory, better known as in-memory processing (PIM). ). PIM has been a pipe dream for decades and NeuroBlade is the first company to successfully bring this innovation into production. NeuroBlade accelerates data analysis and eliminates traditional bottlenecks by integrating its technology into a complete, easy-to-deploy system-level appliance.
With over 100 employees and growing, NeuroBlade has started delivering its data accelerator to leading customers and partners around the world. This saw these partners begin to integrate and deploy NeuroBlade in the world’s largest data centers.
âWe have invented a new building block in IT architecture so that organizations can quickly respond to critical issues facing society and dramatically improve business opportunities,â said Elad Sity, CEO and co-founder of NeuroBlade. âOur team is at the heart of this success. Together, we’ve built a data analytics accelerator that speeds up data processing and analysis more than 100 times faster than existing systems. Based on our patented XRAM technology, we offer a radically improved end-to-end system for the data center. ”
Existing system architectures show that the constant shuffling of data between storage, memory and central processing is the main cause of poor application performance and slow response times. NeuroBlade recognized that current architectures cannot evolve to meet future data analysis needs, leading them to create an IT architecture that eliminates the demands of moving data and dramatically speeds up data analysis performance. .
âDespite being tested like never before last year, the data center has kept the world up and running at a critical time. We believe this market is poised for explosive growth and NeuroBlade looks to have a promising course ahead, âsaid Lance Weaver, vice president and general manager of Data Center & Cloud Strategy at Intel. âIntel is proud to power the NeuroBlade platform with our product portfolio. We look forward to continuing our collaboration with NeuroBlade to optimize end-to-end performance. ”
âSAP looks forward to continuing to work with NeuroBlade on its new PIM-based data analytics acceleration solution,â said Dr. Patrick Jahnke, Head of the Innovation Office at SAP. âPerformance projections and the breadth of use cases demonstrate great potential for significant DBMS performance improvements with higher energy efficiency and lower total cost of ownership on-premises and in the cloud. Through this exciting collaboration with NeuroBlade, SAP will open up new possibilities for building the data center of the future. ”
âOrganizations operate at the speed of their data. NeuroBlade is here to change the pace of the race. This is the impact this technology will have on the global data center market. We expect NeuroBlade to become a major player in a very short timeframe and that is why we are delighted to join them at this critical time in their growth, âsaid Jonathan Pulitzer, Partner of Corner Ventures.
âIn an increasingly digital world, data enables companies to make more informed and accurate decisions than ever before,â said Roi Bar-Kat, director of Intel Capital Israel. âWith NeuroBlade’s scalable solution, organizations are better equipped to quickly extract the information needed to make key decisions. Intel Capital looks forward to supporting the NeuroBlade team as they strive to improve the efficiency and scalability of data processing. ”
To learn more about NeuroBlade, visit: https://www.neuroblade.com/
NeuroBlade was created in 2018 with the stated goal of enabling a faster turnaround time to get information about data by freeing analysis from memory constraints. Led by a team of seasoned silicon and systems design companies like Intel, Marvell, SolarEdge and TI, NeuroBlade has set a new standard in query processing speed and has received investments from a number of VC and leading strategic investors including Intel. Capital and MediaTek.