USA – MemVerge, the Milpitas, Calif.-based inventor of memory machine software, raised $19m in funding.
The round was led by Intel Capital with participation from Cisco Investments, NetApp and SK hynix, and existing investors Gaorong Capital, Glory Ventures, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners and Northern Light Venture Capital. The company intends to use the funds to advance the development of its Memory Machine software and build out sales and marketing functions. MemVerge is used by enterprises for their data-intensive workloads in bare metal, cloud, container and virtual environments. MemVerge is the inventor of Memory Machine™ software, which provides data services such as ZeroIO™ Snapshot and memory replication, addressing application data persistence directly in memory. Compatible with existing and future applications, the technology will make data-centric workloads such as artificial intelligence (AI), machine learning (ML), trading and financial market data analytics and high-performance computing (HPC) easier to develop and deploy. Enterprises can train and infer from AI/ML models faster, work with larger data sets in memory, complete more queries in less time and consistently replicate memory between servers. MemVerge is used by leading enterprises for their data-intensive workloads in bare metal, cloud, container and virtual environments.13/05/2020
