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Swarm64 raises USD $12.5m in Series B financing round led by Intel Capital

10.01.2018 Swarm64 – an enabler of real-time analytics for high velocity and big data – has raised $12.5 million USD in a Series B round led by Intel Capital and Investinor. The funding will be used to strengthen Swarm64’s position as a global leader in FPGA based accelerators for relational databases.

Swarm64 – an enabler of real-time analytics for high velocity and big data – has raised $12.5 million USD in a Series B round led by Intel Capital and Investinor. The funding will be used to strengthen Swarm64’s position as a global leader in FPGA based accelerators for relational databases.

Berlin, Oslo and Santa Clara, January 4, 2018 — Swarm64, provider of the scalable data accelerator (SDA), which enables relational databases to perform real-time big data analytics, has secured a Series B funding round of 12.5 million US dollars. The Series B round was led by Intel Capital and Investinor; Alliance Venture and Target Partners participated in the round.

“We are very glad to welcome Intel Capital as a new investor. The cooperation with Intel will help us serve a global market with the most advanced technology.” says Karsten Rönner, CEO of Swarm64. “Many industries face an explosion in their data processing needs, be it from growing numbers of connected ‘things’, expanding business models that include data analytics or staying competitive in markets with ever higher data processing needs. The Swarm64SDA enables anyone with basic skills in relational databases to gain deep new business insights in less time.”

Read more: https://swarm64.com/press-release/swarm64-raises-usd-12-5m-in-series-b-financing-round-led-by-intel-capital/