MapD Technologies, a San Francisco, CA-based GPU analytics company, closed a $25m Series B funding.
The round was led by New Enterprise Associates (NEA) with participation from existing investors NVIDIA, Vanedge Capital and Verizon Ventures.
The company intends to use the funds to accelerate the development of its technology and to increase customer adoption.
Founded in 2013 by Todd Mostak, CEO, MapD Technologies is an analytics company that leverages graphics processing units (GPUs) to enable analysts and data scientists to interactively explore SQL queries and visualization over large datasets.
The platform – based on research at the MIT Computer Science and Artificial Intelligence Laboratory (CSAIL) – is used by customers across the advertising, energy, financial services, government, retail, social media and telco sectors, united by their need for interactive analytics at scale.