MapD Technologies, a San Francisco, CA-based GPU-powered data analytics and visualization software, raised $10M in Series A funding.
The round was led by Vanedge Capital with participation from Verizon Ventures and Nvidia Corporation, joining earlier investor GV (formerly Google Ventures).
The company intends to use the funds to continue to expand operations.
Founded in 2013 by CEO Todd Mostak, MapD develops GPU-powered data analytics and visualization software platform that enables data analysts to interactively explore large datasets at high speed. The company’s database is pioneering 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 in-memory databases.
MapD’s products have found early traction across a range of big data use cases, including log analytics, GIS, business intelligence, and social media analytics.
Early adopters have included Fortune 500 companies in the telecom, retail, finance, and adtech sectors.