US-based database technology provider Kinetica closed a $50m series A round yesterday that included Citi Ventures, the corporate venturing subsidiary of financial services firm Citigroup.
The round was co-led by venture capital firms Canvas Ventures and Meritech Capital Partners, while Ray Lane, the managing partner of VC firm GreatPoint Ventures, also participated, as an angel investor.
Kinetica has developed a relational database that relies on graphics processing units (GPUs) to speed up queries. A GPU operates alongside a central processing unit…
