Palo Alto – July 19, 2017 – Cooley advised Kinetica, provider of the world’s fastest GPU-accelerated relational database, on its recent $50 million financing round. The round was co-led by Canvas Ventures and Meritech Capital Partners, with participation from new investor Citi Ventures and existing investor Ray Lane of GreatPoint Ventures.
According to Kinetica, it will use its new funding to hire additional engineering, sales and marketing talent as well as open new offices worldwide. The company started as a consulting project for US intelligence services in 2009 to help track terrorists in real time.
“At the time, our database ingested data from more than 200 different streaming big data feeds,” said Kinetica co-founder and CEO Amit Vij about how the company’s platform was used by the US Army and NSA. “This included drones that tracked every asset that moved at 30 frames per second, mobile devices that emitted their metadata every few seconds, social media like Twitter and Facebook, and cybersecurity data. We were evaluating billions of signals to find that needle in the haystack.”
Kinetica is the provider of the only GPU database to combine data warehouse, advanced analytics and visualizations, and is optimized for running machine learning and deep learning models. With Kinetica, users can simultaneously ingest, explore, analyze and visualize fast-moving, complex data within milliseconds to make critical decisions and find efficiencies, lower cost, generate new revenue and improve customer experience.
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