• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Special Offers
Business Intelligence Info
  • Business Intelligence
    • BI News and Info
    • Big Data
    • Mobile and Cloud
    • Self-Service BI
  • CRM
    • CRM News and Info
    • InfusionSoft
    • Microsoft Dynamics CRM
    • NetSuite
    • OnContact
    • Salesforce
    • Workbooks
  • Data Mining
    • Pentaho
    • Sisense
    • Tableau
    • TIBCO Spotfire
  • Data Warehousing
    • DWH News and Info
    • IBM DB2
    • Microsoft SQL Server
    • Oracle
    • Teradata
  • Predictive Analytics
    • FICO
    • KNIME
    • Mathematica
    • Matlab
    • Minitab
    • RapidMiner
    • Revolution
    • SAP
    • SAS/SPSS
  • Humor

Kinetica raises $50 million to provide GPU-powered data insights

June 30, 2017   Big Data
 Kinetica raises $50 million to provide GPU powered data insights

Kinetica, which provides businesses and organizations with real-time data analytics, today announced funding of $ 50 million in a series A round, co-led by Canvas Ventures and Meritech Capital Partners. Existing investor GreatPoint Ventures also participated.

The software, which is powered by a graphics processing unit, allows businesses to analyze large feeds of data faster, using machine learning, BI analytics, and visualization. It can be installed on premises or run in the cloud with Google Cloud, Amazon Web Services, and Microsoft Azure.

Kinetica charges a yearly subscription based on usage. The San Francisco, California-based startup claims to have several licensed customers in production, including the U.S. Army, the National Security Agency (NSA), PG&E, GlaxoSmithKline, and IronNet Cybersecurity. Use cases range from genomics research to real-time drilling analytics and counterterrorism.

The startup initially developed the product for governmental organizations. In 2009, cofounders Amit Vij and Nima Negahban were hired by the United States Army Intelligence and Security Command and the NSA to create a system to track and capture terrorists in real time.

Other players in the GPU database sphere include SQream, BlazingDB, and MapD Technologies, the last of which recently closed a funding round.

Kinetica will use the fresh capital to hire more people and open new offices — the startup told VentureBeat that it has just opened a new office in Singapore. Founded in 2009, Kinetica has raised a total of $ 63 million and currently has 75 employees.

Sign up for Funding Daily: Get the latest news in your inbox every weekday.

Let’s block ads! (Why?)

Big Data – VentureBeat

data, GPUpowered, Insights, Kinetica, Million, Provide, raises
  • Recent Posts

    • Accelerate Your Data Strategies and Investments to Stay Competitive in the Banking Sector
    • SQL Server Security – Fixed server and database roles
    • Teradata Named a Leader in Cloud Data Warehouse Evaluation by Independent Research Firm
    • Derivative of a norm
    • TODAY’S OPEN THREAD
  • Categories

  • Archives

    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • November 2016
    • October 2016
    • September 2016
    • August 2016
    • July 2016
    • June 2016
    • May 2016
    • April 2016
    • March 2016
    • February 2016
    • January 2016
    • December 2015
    • November 2015
    • October 2015
    • September 2015
    • August 2015
    • July 2015
    • June 2015
    • May 2015
    • April 2015
    • March 2015
    • February 2015
    • January 2015
    • December 2014
    • November 2014
© 2021 Business Intelligence Info
Power BI Training | G Com Solutions Limited