E-commerce group Alibaba has led a $20m series A round for NVXL Technology, a US-based developer of computing performance enhancement software, as part of a strategic collaboration between the companies.
NVXL has developed a storage and computing acceleration platform that can run on standard hardware and scale to virtualise the power required for a range of cloud-scale applications.
The technology is designed to handle low-level implementation details so developers and data scientists can be more productive. Alibaba will use NVXL’s platform to support its deep learning and machine learning workloads as part of the deal.
NVXL was created as a subsidiary of solid state storage technology developer Bitmicro in 2016. Jeffrey Bunting, president of Bitmicro, also serves as CEO of NVXL.
Bunting said: “This investment and strategic collaboration with Alibaba Group will enable NVXL to bring our innovative compute disaggregation technology to the market faster and with the benefit of working with a world-class cloud computing leader.”