MapD, a US-based big data technology developer backed by internet company Google and computer graphics cards producer Nvidia, has raised $7.8m in series A funding, according to a regulatory filing yesterday.
The filing names Moe Kermani, partner of existing backer Vanedge Capital, as the only external stakeholder. We have reached out to MapD to confirm the investors in the round, and will update as appropriate.
Founded in 2013, MapD is working on a big data analytics platform that exploits the graphical processor unit (GPU), the part of a computer responsible for accelerating the creation of images.
The platform is still being tested but MapD, which is currently looking to expand its development team, claims it can visualise up to one billion tweets in real time.
Google Ventures, Google’s corporate venturing arm, participated in MapD’s $1.5m seed round in October 2014 alongside Nvidia, Vanedge Capital and assorted angel investors. MapD had already won $100,000 at Nvidia’s Emerging Companies competition in March 2014.