Chemicals and energy conglomerate Koch Industries has co-led a $55m series A round for Israel-based big data technology developer Speedata disclosed as the latter announced emerged from stealth.
The round was co-led with venture capital firms 83North and Walden Catalyst Ventures and also featured returning investors Pitango First and Viola Ventures and angel investors including Eyal Waldman. Koch was represented by corporate VC vehicle Koch Disruptive Technologies.
Founded in 2019, Speedata has built accelerated processing units (APUs) designed to help enhance data centres, cloud-native databases and analytics software tools.
The round took the company’s overall funding to $70m, a figure which includes a hitherto undisclosed $15m seed round co-led by Viola and Pitango at an unspecified date.
Jonathan Friedmann, CEO and co-founder of Speedata, said: “Our amazing team of academic and industry leaders has built a dedicated accelerator that will change the way datacentre analytics are processed – transforming the way we utilise data for years to come.”
