Swarm64, a Norwegian company with operations in Berlin, Germany secured a Series B funding round of US$12.5 million for its scalable data accelerator (SDA) for relational databases.
Swarm64 leverages an FPGA-based accelerator and real-time database software to perform analytics for high velocity and big data applications in PostgreSQL, MariaDB, and MySQL .
The funding round was led by Intel Capital and Investinor. Also participating in the round were Alliance Venture and Target Partners.
“We are very glad to welcome Intel Capital as a new investor. The cooperation with Intel will help us serve a global market with the most advanced technology.” says Karsten Rönner, CEO of Swarm64. “Many industries face an explosion in their data processing needs, be it from growing numbers of connected ‘things’, expanding business models that include data analytics or staying competitive in markets with ever higher data processing needs. The Swarm64SDA enables anyone with basic skills in relational databases to gain deep new business insights in less time.”
