Kinetica Raises $6M in Funding

Kinetica (formerly known as GPUdb), a San Francisco, CA-based provider of in-memory database accelerated by GPUs, raised $6m in financing.

The round was led by existing backer Ray Lane, Managing Partner of GreatPoint Ventures and former Oracle President and Managing Partner of KPCB, who funded $7m in April 2016.

The company, which has raised $13m in total, intends to use the funds to accelerate product development, marketing and sales growth.

Led by Amit Vij, CEO, Marcus Holm, vice president of global field operations, Michele Nemschoff, vice president of marketing, Eric Mizell, vice president of global solution engineering, Mike Perez, vice president of services, and Charles Sutton, managing director of Europe, Kinetica provides a distributed, in-memory database accelerated by GPUs, which delivers real-time actionable intelligence on large, complex and streaming data sets from IoT, transactions and other sources and allows organizations to ingest, explore, analyze and visualize streaming data within milliseconds.

Kinetica still maintains offices in Arlington, VA, their former headquarters.

FinSMEs

26/09/2016