Swarm64, a data analytics software producer founded at Humboldt University of Berlin, has raised $12.5m in a round that was co-led by Intel Capital.
Swarm64, a Germany-based database analytics technology provider, secured $12.5m yesterday in a series B round co-led by Intel Capital, the corporate venturing arm of semiconductor producer Intel.
Norwegian state-owned investment firm Investinor co-led the round, which was also backed by venture capital firm Alliance Venture and VC fund Target Partners.
Founded in 2013, Swarm64 provides a data accelerator that enables clients to perform real-time big data analytics on the Structured Query Language-centred databases often used by enterprises.
The technology utilises a field-programmable gate array (FPGA), a circuit designed to be reprogrammed by the customer after manufacturing. FPGAs are also part of Intel’s product offering.
Swarm64 was formed with the support of Humboldt Innovation, the tech transfer arm of Humboldt University of Berlin.
Investinor, Alliance and Target co-led an $8m round for Swarm64 in 2015, two years after it received $720,000 in seed funding from Springfondet, a vehicle run by Oslotech, a science park operator owned by University of Oslo, state-owned Industrial Development Corporation of Norway and private equity firm Kistefos.
John Sakamoto, vice-president of programmable solutions and general manager for data centre and communications at Intel, said: “Along with Swarm64, Intel is shortening our customers’ time to insights in a world of ever more connected devices and accelerating flows of data.
“Leveraging Intel FPGAs and Xeon processors, Swarm64 is accelerating database operations to deliver these faster results for businesses.”
– A version of this article first appeared on our sister site, Global Corporate Venturing.
