Intel Capital, the corporate venturing arm of semiconductor and data technology producer Intel, has led a $28.5m series A round for graph processing software developer Katana Graph, the latter announced yesterday.
The round included Dell Technologies Capital, the investment arm of computing technology provider Dell, as well as WRVI Capital, Nepenthe Capital and Redline Capital Management.
Spun out of University of Texas at Austin in 2019, Katana Graph has developed software that uses advanced algorithms and storage technologies to enhance graph databases and analytics, analysing unstructured data to better inform business decisions for customers.
Anthony Lin, head of Intel Capital, said: “Katana Graph’s platform helps large enterprises make sense of their large unstructured datasets, and we are seeing this demand across a variety of industries from social networks to biomedical and pharmaceutical research.
“We are excited to lead Katana Graph’s new funding round based on our collaboration last year where Katana Graph’s technology was optimised for Intel Xeon processors and Xeon-based clusters. We are looking forward to helping Katana Graph accelerate their growth.”
Vijay Reddy, investment director at Intel Capital, will join the company’s board of directors in connection with the deal. Scott Darling, president of Dell Technologies Capital, is taking a board observer position together with Redline managing partner Tatiana Evtushenkova.
