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Speedata has launched its innovative Analytics Processing Unit (APU), designed to significantly enhance big data analytics performance, alongside a $44 million Series B funding round, raising its total to $114 million. The APU, powered by the Callisto chip, addresses bottlenecks in data processing, enabling faster and more efficient analytics across various industries, including healthcare and finance. With its server-agnostic C200 PCIe card, Speedata aims to transform data infrastructure, making analytics a critical component in the age of AI.
Speedata, a Tel Aviv-based startup, has secured $44 million in Series B funding to develop analytics processing units (APUs) aimed at enhancing big data and AI performance. Backed by notable investors including Intel CEO Lip-Bu Tan, the company claims its APUs can outperform traditional CPUs and GPUs, significantly reducing processing times for data-intensive tasks, such as completing a pharmaceutical workload in just 19 minutes compared to 90 hours with standard processors. This innovation highlights a shift towards specialized hardware designed for specific computing needs, potentially transforming research and business operations.
Cato Networks, an Israeli cybersecurity firm, is in advanced talks to raise $300 million, comprising $150 million in primary capital and $150 million from secondary sales, boosting its valuation to $4.5 billion. This funding comes amid a challenging tech landscape, with the company reporting 46% year-over-year growth and serving over 3,000 enterprises globally. Despite market volatility affecting IPO plans for many firms, Cato's success reflects investor confidence in Israel's resilient cybersecurity sector.
Yuval Tal, founder of Payoneer, has launched a new startup called Linguana in Israel, focusing on global distribution and monetization for content creators. The company has raised $8.5 million in funding and employs 26 staff members, primarily in Israel. Linguana collaborates with YouTube creators to translate, dub, and distribute videos in nine languages, managing the localization process while sharing revenue with creators and reporting a 30% monthly growth rate.
Eyal Waldman
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
speedata launches innovative analytics processing unit and secures 44 million funding
05:12 05.06.2025
speedata secures 44 million funding to advance analytics processing units
06:00 04.06.2025
Cato Networks seeks 300 million funding amid challenging tech market conditions
10:20 09.04.2025
payoneer founder launches linguana to support global content creators
05:10 03.04.2025
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