Speedata Raises $44M to Launch First-Ever Chip Designed Specifically for Accelerating Big Data Analytics - Computes Second Largest Workload
Summary
Speedata raised $44 million in Series B funding and launched its first dedicated chip for accelerating big data analytics. The company says its APU and Callisto chip can speed up Spark ETL and analytics workloads by orders of magnitude while reducing infrastructure cost, power use, and space. Speedata also introduced the C200 PCIe card and Dash software stack to integrate with existing server environments without requiring application changes. The launch follows testing with partners in finance, healthcare, insurance, pharma, and AdTech, and the company has appointed Adi Gelvan as incoming CEO to lead the next growth phase.
Funding
Amount
$44.0M
Total raised
Date
June 3, 2025
Announcement date
Investors
83North, Pitango Venture Capital, Viola Ventures
Lead investors
Company
speedata.io
Funded company
Classifications
industries
No industries detected
applications
Data Management
AskAI Classifications
Labels
Developer Tools
Data Analytics Software
Infrastructure Software
Linked Companies
Speedata
$1M to $5M