Swarm64, a Germany-based database analytics technology provider, secured $12.5m yesterday in a series B round co-led by Intel Capital, the corporate venturing arm of semiconductor producer Intel.
Norwegian state-owned investment firm Investinor co-led the round, which was also backed by venture capital firm Alliance Venture and VC fund Target Partners.
Founded in 2013, Swarm64 provides a data accelerator that enables clients to perform real-time big data analytics on the Structured Query Language-centred databases often used by enterprises.
The technology utilises a field-programmable gate array (FPGA), a circuit designed to be reprogrammed by the customer after manufacturing. FPGAs are also part of Intel’s product offering.
Investinor, Alliance and Target co-led an $8m round for Swarm64 in 2015, two years after it received $720,000 in seed funding from Springfondet, a vehicle run by Oslotech, a science park operator owned by University of Oslo, state-owned Industrial Development Corporation of Norway and private equity firm Kistefos.
John Sakamoto, vice-president of programmable solutions and general manager for data centre and communications at Intel, said: “Along with Swarm64, Intel is shortening our customers’ time to insights in a world of ever more connected devices and accelerating flows of data.
“Leveraging Intel FPGAs and Xeon processors, Swarm64 is accelerating database operations to deliver these faster results for businesses.”