Intel Capital, the corporate venture capital arm of semiconductor product maker Intel, has led an $8m funding round for US-based big data acceleration technology developer Falcon Computing Solutions.
Baidu Ventures, the strategic investment subsidiary of internet company Baidu, also took part in the round together with Clear Ventures, SV Tech Ventures and Sierra Ventures.
Founded in 2014, Falcon is working on acceleration technology such as compile and runtime tools and libraries that can enhance the performance and energy efficiency of big data applications.
The round increased Falcon’s overall funding to more than $10m, and Baidu and Clear Ventures participated as existing backers. Intel intends to work with Falcon on products that mix its acceleration technology with the corporate’s field programmable gate array systems.
Bradley Howe, chief executive of Falcon Computing Solutions, said: “Our outstanding group of investors and emerging product offerings are well-timed and position Falcon for growth as the leader in acceleration solutions.
“As an increasing number of vertical applications look to leverage the capabilities of today’s data centre, Falcon provides the means for those with limited experience to do so quickly and easily.”