NeuroBlade, a Tel Aviv, Israel-based provider of data acceleration solutions, secured $83m in Series B funding, bringing total invested capital to $110m.
The round was led by Corner Ventures with contribution from Intel Capital, and current investors StageOne Ventures, Grove Ventures and Marius Nacht, as well as technology companies including MediaTek, Pegatron, PSMC, UMC and Marubeni.
The financing will be put to work as the company expands its engineering teams in Tel Aviv and builds out its sales and marketing teams globally.
Led by Elad Sity, CEO and co-founder, NeuroBlade has developed a new data analytics architecture that eliminates major data movement bottlenecks by integrating the data processing function inside memory, better known as processing-in-memory (PIM). The company accelerates data analytics and unclogs traditional bottlenecks by integrating its technology into a full system-level easy-to-deploy appliance.
NeuroBlade currently has more than 100 employees.
FinSMEs
06/10/2021