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Memverge Raises $24.5M For Intel Optane-based Infrastructure Designed For Big Data Workloads | Venturebeat

by venturebeat.com posted 3months ago 177 views
MemVerge, a San Jose, California-based enterprise infrastructure provider that taps high-speed memory and storage optimized for AI and data science workloads, today emerged from stealth with $24.5 million in series A funding led by Banyan, with participation from Gaorong Capital, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners, and Northern Light Venture Capital. The fresh capital will be used to “significantly” expand engineering, sales, and marketing teams, said MemVerge CEO Charles Fan, and to accelerate product development.

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