All posts tagged: SQream

SQream calls in M to expand its GPU-based big data analytics platform

SQream calls in $45M to expand its GPU-based big data analytics platform

[ad_1] Back in 2010, Israeli data analytics startup SQream made a bet on the potential of GPUs as a cornerstone of enabling the processing and querying of big data sets, an area that it believed would only grow as data sets became larger and larger. That bet has very much paid off — not just because of the rise of AI and the huge data processing that it requires, and the big reliance that has on GPU processing, but because of the vast, and expanding, amount of data that world produces daily. Now SQream is announcing new funding of $45 million to continue its own growth. The Series C is being led by World Trade Ventures, with Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings also participating. The company is not disclosing its valuation — “We don’t like to play show and tell,” CEO Ami Gal said — but he added that he is “extremely happy” with the number. (For some context, I’ve been told by sources …