Rack-Scale Infrastructure for AI and HPC solutions provider GigaIO secured $14.7M in Series B funding


GigaIO, a California-based creator of data center rack-scale architecture for AI and high-performance computing (HPC) solutions, has now secured $14.7 million in a Series B funding round.
GigaIO was founded by Joey Maitra in the year 2012. The company offers an open standards composable infrastructure platform to transform legacy static data centers into elastic pools of resources as flexible as the cloud. GigaIO's Universal Composable, FabreXtm, orchestrates workloads by configuring any AI and HPC resource and integrating networking, memory, storage, and specialized accelerators into a single system cluster fabric.

Executive Opinion

Alan Benjamin, President, and CEO of GigaIO, said, "We have a tremendous technology and a development team with incredible expertise gained through years of working on some of the highest performing interconnects at companies such as Cray, Sun Microsystems, Cisco, Emulex, and QLogic. Today, by completing this funding round, we are better positioned to get the technology into the hands of more customers and channel partners and to increase traction among commercial and other customers."

Jack Crawford, Founding General Partner at Impact Venture Capital, said, "We are excited to lead this funding round, including a co-investment from SK Hynix, and believe that GigaIO’s game-changing technology and team will continue to revolutionize the way that organizations manage data. We believe that the company is a catalyst for the next generation of data and storage performance and represents an ideal artificial intelligence startup that we seek to partner with and invest in."

GigaIO's Latest Funding

Impact Venture Capital led the funding round. Other participating investors include Lagomaj Capital, Mark IV Capital, Four Palms Ventures, and SK Hynix.

GigaIO, as of now, has plans to use the new funds to expand its sales and marketing efforts by recruiting more partners and expanding channels programs, notes the announcement.
PC: Pixabay

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)