US-based data processing technology startup Levyx has closed a $5.4m series A round featuring Sumavision USA Corporation, the US branch of China-based video delivery technology provider Sumavision.
OCA Ventures led the round, which included fellow venture capital firm Amino Capital and undisclosed technology executives.
Levyx is the creator of a data engine called Helium that can process tens of millions of queries per second using a single computing node. The funding will go to product development, sales and marketing.
Reza Sadri, founder and CEO of Levyx, said: “We have seen a huge amount of innovation in the software and storage hardware associated with big-data applications, but there are big inefficiencies because the two sides have been walled off from one another.
“By fixing this disconnect with a fundamentally new software stack, we pave the way for real-time processing of big-data workloads for the masses. The support and guidance of investors like OCA Ventures, Amino Capital and Sumavision will help us in our quest to make big-data applications dramatically more affordable for everyone.”