Levyx Closes $5.4M Series A Round of Funding

levyxLevyx Inc., an Irvine, CA-based processing technology that reduces infrastructure costs associated with big-data applications, closed a $5.4m Series A round of funding.

The round was led by Chicago-based OCA Ventures with participation from Amino Capital (a.k.a. zPark Capital) and Sumavision USA Corporation, as well as individuals from EMC and SAP.

The company intends to use the funds to accelerate product development and expand its sales and marketing resources to augment adoption of its solutions.

Founded in 2013 by Reza Sadri and Tony Givargis, who serve as CEO and CTO, respectively, and also led by Chief Operating Officer Luis Morales, Levyx provides Heliumâ„¢, a data engine built for the modern open-platform commodity-hardware datacenter that enables performance at the application level and shrinks the amount of required supporting infrastructure and resources.
The company has integrated Helium into Apache Spark to create Flash- and NVM- optimized distribution of Spark called LevyxSpark, which runs complex/large queries directly on Flash, permitting much smaller clusters with performance comparable to in-memory execution.
Levyx markets its Helium data-processing engine to OEMs and enterprise software companies, and its Apache Spark offering, LevyxSpark, directly to end-customers in industries such as cyber-security, financial services, government and defense, social networking, biotech and healthcare, digital advertising, and e-commerce.

FinSMEs

28/04/2016

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