Enterprise IT startup Bigstream announced the close of its Series A financing. Three investors participated in the round: Intel Capital, Cota Capital, and Oriza Ventures.
Bigstream provides hyper-acceleration technology for popular “big data” processing engines, using both hardware and software accelerators, such as Apache Spark. Hyper-acceleration of big data, machine learning, and AI workloads are achieved using advanced compiler techniques and transparent support for FPGAs, many-core CPUs, and GPUs. Unlike other hardware- or platform-specific approaches, Bigstream aims to deliver orders of magnitude performance acceleration instantly without application code changes or special APIs.
In addition to the investment, Bigstream and Intel will collaborate on sales and marketing initiatives, targeting key industries such as financial services, adtech, and the public sector.