Speedata, a chip startup competing with Nvidia, raises a $44M Series B

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Here’s a summarized list based on the provided information:

Startup

  • Name: Speedata
  • Location: Tel Aviv
  • Founded Year: 2019
  • Founders: Six founders, including individuals with expertise in Coarse-Grained Reconfigurable Architecture (CGRA) technology.

Fundraise

  • Total Capital Raised: $114M
  • Latest Funding Round: Series B
  • Amount Raised in Series B: $44M
  • Date of Series B: Not explicitly stated

Investors

  • Lead Investors:
    • Walden Catalyst Ventures
    • 83North
    • Koch Disruptive Technologies
    • Pitango First
    • Viola Ventures
  • Strategic Investors:
    • Lip-Bu Tan (CEO of Intel & Managing Partner at Walden Catalyst Ventures)
    • Eyal Waldman (Co-Founder & former CEO of Mellanox Technologies)

Product and Focus

  • Product: Analytics Processing Unit (APU)
  • Target Workload: Designed for big data analytics and AI workloads (initially targeting Apache Spark workloads).
  • Performance Claim: Significant speed improvement (e.g., a pharmaceutical workload completed in 19 minutes vs. 90 hours on non-specialized units).

Milestones

  • Product launch is set for the Databricks’ Data & AI Summit in June 2024.
  • Transitioned from concept to working hardware testing.

If you need additional details or clarifications, let me know!

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2025-06-03 13:00:00