SAN FRANCISCO, Oct. 19, 2017 /PRNewswire/ -- Today, at the Intel Capital CEO Showcase in San Francisco, Bigstream announced that it has closed its Series A funding round with strategic investments by Cota Capital, Oriza Ventures, and Intel Capital. This announcement reflects the growing intersection of Big Data computing workloads and hardware acceleration through multi-core CPUs and FPGAs.
Bigstream provides Hyper-acceleration of popular Big Data and Machine Learning platforms through advanced compiler and runtime technology, and automatic programming of FPGAs. This enables orders of magnitude performance speedups of platforms such as Apache Spark and Kafka without changing application code, without special APIs, and without needing FPGA programmers. Bigstream lowers latencies for interactive queries and analytics, and reduces time to insight for business stakeholders. Hyper-acceleration also improves productivity of data scientists, data engineers, and DevOps for big data platforms.
"The leap forward in scale and complexity of new Machine Learning applications is already exceeding the limits of current computing infrastructures" said Maysam Lavasani, Co-founder and CEO of Bigstream. "As new hardware accelerators proliferate, traditional methods of performance engineering will not scale to meet the new demand. Hyper-acceleration provides a frictionless way to iterate faster on Machine Learning models and advanced analytics."
Hyper-acceleration is an important enabler for latency-sensitive workloads such as security analytics, IoT, financial risk analysis, and fraud detection.
"Bringing more compute power to the new generation of Big Data workloads is an increasing priority across all industries" said Wendell Brooks, senior vice president at Intel Corporation and president of Intel Capital. "Bigstream Hyper-acceleration brings dramatic speedups across a broad spectrum of hardware and software accelerators with minimum disruption to developers and DevOps teams. This type of autonomous acceleration changes how performance teams approach optimizing their Big Data infrastructure."
In addition to the investment, Bigstream and Intel will collaborate on sales and marketing initiatives targeting key industries such as Financial Services, AdTech, and Public Sector. Hyper-acceleration complements and amplifies the processing power of Intel many-core CPUs, FPGAs, and next generation server architectures.
Bigstream provides hyper-acceleration software that delivers orders of magnitude performance gains for Big Data platforms such as Apache Spark, Kafka, and TensorFlow, using hardware and software accelerators. Hyper-acceleration of big data and machine learning workloads is achieved using advanced compiler technology and transparent support for FPGAs and many-core CPUs. Unlike other approaches, Bigstream requires no application code changes, special APIs, or FPGA expertise.
About Cota Capital
Cota Capital is a San Francisco-based investment firm with a focus on private and public software companies. Cota's core belief is that entrepreneurs and companies will continue to leverage software in innovative ways to disrupt all industries across the world. Cota employs a stage-agnostic investment approach, providing the firm flexibility to invest across all stages of a company's lifecycle, from venture through public securities.
About Oriza Ventures
Oriza Ventures is a venture capital firm that primarily invests in early-stage technology companies across North America. Oriza was formed with the philosophy of supporting founders through the ups and downs of starting and growing a company with their experience and resources. Oriza pride themselves on their long-term approach to investment, and their team brings together a unique combination of strong operation background, extensive investment experience, cross-border business development expertise, and deep business network in both China and Silicon Valley.
About Intel Capital
Intel Capital, Intel's strategic investment and M&A organization, backs innovative startups targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11.8 billion in 1,478 companies worldwide, and 617 portfolio companies have gone public or been acquired. Through its business development programs, Intel Capital curates thousands of introductions each year between its portfolio executives and Intel's customers and partners in the Global 2000. For more information on what makes Intel Capital one of the world's most powerful venture capital firms, visit www.intelcapital.com or follow @intelcapital.
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