In case you haven’t heard, last year in March 2016 San Francisco-based MapD Technologies revolutionized the way businesses and organizations analyze and interact with big data. What started as a humble project in a young man’s MIT database course in 2012 has become a multi-million dollar startup that is changing the way Fortune 500 companies do business.
MapD is a GPU-powered SQL database “that leverages the parallel processing power of GPUs to query billions of rows [of data] in milliseconds – hundreds of times faster than legacy CPU databases.”
As a company press release explains, “The MapD database pioneers the use of Graphics Processing Units (GPUs) to allow SQL queries to be executed in parallel across nearly 40,000 cores per server, yielding massive speedups over leading in-memory databases. When paired with the MapD Immerse analytics front end, the system delivers instant visual insights into complex datasets.”
– or in simpler terms, MapD is making it easier than ever for people to analyze and interpret large quantities of data, in a hurry.
Well, just this past March 29, MapD was in the news again with the announcement that their Series B funding round had closed with $25 million raised.
The financing round was led by New Enterprise Associates(NEA) and included participation from existing partners NVIDIA, Vanedge Capital, and Verizon Investors. With MapD “still dropping jaws” a year after its release as the NVIDIA blog so aptly remarked, the disruptive young startup will be using the funds from this round to focus on expanding its marketing, sales, and customer service divisions.
Greg Papadopoulos, Ph.D., and venture partner NEA said of the new partnership, “At NEA we strive to identify startups that are poised to capitalize on shifts in technology. GPU-powered analytics is going to radically change the data analytics market, and MapD has the technology and team to drive that disruption.”
Jeff Herbst, vice president of business development at NVIDIA and head of NVIDIA GPU Ventures, had this to say, “MapD recognized early on that as companies become more data-centric and data sets grow ever larger, the underlying compute needs to shift to GPUs. We’ve participated in every funding round with MapD, and expect them to emerge as a dominant force in the burgeoning field of GPU-powered analytics.”
“We knew the first time we met with MapD that they were onto something remarkable. Since then, MapD has established its leadership in the GPU-powered analytics market with amazing speed. Their mature product, advanced technology and strong relationships with cloud providers set them far ahead of the pack,” said Moe Kermani, Managing Partner at Vanedge Capital.
MapD Technologies co-founder and CEO, Todd Mostak said, “We’re very excited to partner with our incredible investors to accelerate the development of our technology and to increase customer adoption. This investment will enable us to advance our vision of making GPU analytics a dominant technology in the enterprise.”
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