Swarm64 AS, a Berlin, Germany- and Oslo, Norway-based data acceleration company, raised up to €7.1m ($8m) in funding.
Backers included Alliance Venture, Target Partners and Investinor.
The company intends to use the funds for market entry, build out the team and to set up operations in the US market.
Founded by Eivind Liland, Thomas Richter and Alfonso Martínez in early 2013 and led by Dr. Karsten Rönner, CEO, Swarm64 has been developing a hardware and software solution that scales databases. Its Scalable Data Accelerator (SDA) and database extensions build on the strengths of open source database systems and aim to enhance them with a massively parallel processor architecture.
The first application family available for the Swarm64 accelerator will be SwarmDB, a plug-in for SQL databases.
FinSMEs
29/09/2015