Stream Processing Startup Secures $5 Million

Fastdata.io, a real-time stream processing company, raised $5 million in a seed round co-led by CrossCut and Pelion Venture Partners, with participation from existing investor NVIDIA.

According to Fastdata.io, by processing complex algorithms against terabytes of live streaming data, FDIO Engine reportedly accelerates stream processing up to 1,000 times faster than any CPU-based software. The company claims it also reduces total real-time data processing costs by more than seventy percent, and the data center’s power and space requirements by more than ninety-eight percent, whether running in the public cloud or on private servers.