Intel CEO backs $44M round for Speedata as Israeli chipmaker targets big data bottlen

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Here’s a summary based on the provided information:

Startup Information:

  • Startup Name: Speedata
  • Founders:
    • Jonathan Friedmann
    • Dan Charash
    • Rafi Shalom
    • Itai Incze
    • Yoav Etsion
    • Dani Voitsechov
  • Current CEO: Adi Gelvan

Funding Details:

  • Total Capital Raised: $114 million
  • Latest Funding Round: $44 million Series B
  • Funding Round Date: Announced on Tuesday (exact date not specified, but completed six months prior)

Investors:

  • Institutions:
    • Walden Catalyst Ventures
    • 83North
    • Koch Disruptive Technologies
    • Pitango First
    • Viola Ventures
  • Individuals:
    • Lip-Bu Tan (CEO of Intel)
    • Eyal Waldman (Mellanox co-founder)

Product Information:

  • Product: Analytics Processing Unit (APU)
  • Technology: Callisto chip designed for large-scale analytics

Notable Quote:

“As the volume and complexity of data continue to grow at an unprecedented pace, it’s clear that new approaches are needed to complement existing compute architectures,” – Lip-Bu Tan, CEO of Intel

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2025-06-03 17:10:50