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- Speedata
Speedata Funding, Investors & Competitors
Speedata has raised $114M across 3 funding rounds, most recently a $44M Series B in June 2025.
Last Speedata funding round
$44M
Series B · Jun 2025
Cumulative funding Speedata raised
$114M
across 3 funding rounds
Key investors in Speedata
Pitango VC
Viola Ventures
83North
Koch Disruptive Technologies
Walden Catalyst
Eyal Waldman
Hanaco Venture Capital
Argos Wityu
About Speedata
Speedata is a Haifa-based semiconductor company developing the Analytics Processing Unit for big data workloads in datacenters and clouds. The APU accelerates SQL queries on Apache Spark and Snowflake by 20x, reducing power use by 80% compared to GPUs. Deployed by telecoms like Verizon and financial firms processing petabyte-scale analytics, it integrates with AWS and Azure marketplaces.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Speedata Funding History
Speedata has raised a total of $114M across 3 funding rounds.
Speedata's first fundraising round was a $15M seed round in January 2020. The most recent completed round was a $44M Series B in June 2025.
Speedata funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2025 | Series B | MoreTech Ventures; Pitango VC; Viola Ventures; Hanaco Venture Capital; Koch Disruptive Technologies; Eyal Waldman; Argos Wityu; 83North; Walden Catalyst | $44M | Speedata is a Tel Aviv-based chip startup developing an Analytics Processing Unit (APU) powered by its custom-designed Callisto chip to accelerate big data analytics and AI workloads, particularly targeting Apache Spark ETL and analytics jobs. The APU aims to replace multiple racks of processors with a single server, delivering orders-of-magnitude speedups, lower power consumption, and reduced costs for data pipelines. In a pharmaceutical workload test, it completed processing in 19 minutes versus 90 hours on non-specialized units, achieving 280x acceleration. On June 3, 2025, Speedata announced the launch of its breakthrough chip alongside a $44 million Series B funding round, bringing total capital raised to $114 million. The round included existing investors Walden Catalyst Ventures, 83North, Koch Disruptive Technologies, Pitango First, and Viola Ventures, plus strategic participants like Intel CEO Lip-Bu Tan and Mellanox co-founder Eyal Waldman. Some reports note the round was completed six months prior but announced publicly then. Additional investors mentioned in the query like Argos Wityu, Hanaco Venture Capital, MoreTech Ventures match the described participation, though not all are explicitly listed in every source. The funding will support go-to-market initiatives following milestones like finalizing the APU design and manufacturing in late 2024. The C200 accelerator card attaches via PCIe to servers without major code changes, leveraging CGRA architecture for efficient analytics over CPUs or GPUs. Launch partners from finance, healthcare, insurance, and AdTech have tested the chip for business-critical analytics. Speedata positions itself as a Nvidia competitor in data analytics processing, essential for AI inference where clean data preparation is key. Incoming CEO Adi Gelvan, with prior roles at Speedb (acquired by Redis), SQream, Infinidat, and EMC, emphasizes the APU as the missing link for scalable real-time analytics powering business intelligence, medical breakthroughs, and next-gen AI. |
| Sep 2021 | Series A | 83North (lead); Koch Disruptive Technologies (lead); Walden Catalyst (lead); Pitango VC; Viola Ventures; Matias Ventures; Eyal Waldman | $55M | Speedata, an Israel-based startup founded in 2019, develops the world's first dedicated Analytics Processing Unit (APU), a specialized processor designed to accelerate big data analytic workloads in cloud-based databases by addressing key bottlenecks in I/O, compute, and memory. The company exited stealth on September 30, 2021, announcing a $55 million Series A funding round led by Walden Catalyst Ventures, 83North, and Koch Disruptive Technologies, with participation from Pitango First, Viola Ventures, and individual investor Eyal Waldman, former CEO of Mellanox. This round brought Speedata's total funding to $70 million, including a previously undisclosed $15 million seed round in 2019 led by Viola and Pitango. Speedata's APU aims to replace multiple racks of general-purpose CPUs in data centers, promising faster execution, lower costs, reduced space, and lower energy consumption for analytics workloads while remaining compatible with existing software stacks without code changes. The founding team includes CEO Jonathan Friedmann, CTO Yoav Etsion, Chief Architect Rafi Shalom, VP System Engineering Dani Voitsechov, Chairman Dan Charash, and Chief Software Architect Itai Incze, all with backgrounds in semiconductors and successful startups. Eyal Waldman and Lip-Bu Tan joined the board following the round. Positioned to disrupt the growing big data analytics market, projected to generate nearly $70 billion in revenue by 2025, Speedata targets cloud providers, enterprises, and data centers seeking competitive advantages in database processing, drawing comparisons to how GPUs transformed AI. |
| Jan 2020 | Seed | Pitango VC (lead); Viola Ventures (lead) | $15M | Speedata is a Tel Aviv-based semiconductor startup founded in 2019, developing an Analytics Processing Unit (APU) to accelerate big data analytic workloads by addressing I/O, compute, and memory bottlenecks. The APU is compatible with legacy software like Apache Spark and targets cloud-based database and analytics processing. Prior to its public Series A announcement on September 30, 2021, Speedata had raised a previously undisclosed $15 million seed round led by Pitango VC and Viola Ventures. The Series A raised $55 million from Walden Catalyst Ventures, 83North, Koch Disruptive Technologies, Pitango First, Viola Ventures, and individuals including Eyal Waldman, bringing total funding to $70 million at that time. |
Who has invested in Speedata?
10 investors have backed Speedata across its funding rounds, including Pitango VC, Viola Ventures, 83North, Koch Disruptive Technologies, Walden Catalyst and Eyal Waldman.
Lead investors include 83North, Koch Disruptive Technologies, Walden Catalyst, Pitango VC and Viola Ventures.
Speedata Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jan 2020 | ||
| 3 | Lead | Jan 2020 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Participant | Sep 2021 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Lead | Sep 2021 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Sep 2021 | ||
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Start Free TrialSpeedata Competitors
Speedata competitors include listed companies like Oracle, Snowflake and Datadog, and private ones like SmartMore Corporation Limited, Velaura AI and Databricks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $150M | - | $1.2B | 8.0x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $67B | $33B | $455B | 7.8x | ||
| Private | $7B | - | $190B | 27.1x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x | ||
| Publicly listed | $3.4B | ($588K) | $85B | 19.4x |
Speedata Public Comps
Speedata is still privately-owned, but its public comps include NVIDIA, TSMC, Broadcom, Samsung, Micron, SK Hynix, AMD, ASML, Intel and CXMT.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $216B | $142B | 24.4x | 15.6x | 37.1x | 23.8x | |||
| $120B | $83B | 15.9x | 12.1x | 22.9x | 16.6x | |||
| $64B | $34B | 26.5x | 16.8x | 49.3x | 24.7x | |||
| $243B | $67B | 4.4x | 2.4x | 15.8x | 4.4x | |||
| $37B | $18B | 29.0x | 8.0x | 60.3x | 9.6x | |||
| $71B | $47B | 12.1x | 4.3x | 18.1x | 5.3x | |||
| $35B | $7.1B | 25.4x | 19.0x | 124.8x | 75.6x | |||
| $38B | $14B | 16.5x | 13.3x | 43.7x | 31.7x | |||
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Common questions about Speedata
| When was Speedata founded? | Speedata was founded in 2019. |
| Where is Speedata headquartered? | Speedata is headquartered in Netanya, Israel. |
| Is Speedata publicly listed? | No, Speedata is a private, VC-backed company. |
| How much funding has Speedata raised? | Speedata has raised $114M across 3 funding rounds. |
| What was Speedata's last funding round? | Speedata's last funding round was a $44M Series B in June 2025. |
| Who are Speedata's investors? | Speedata's investors include Pitango VC, Viola Ventures, Koch Disruptive Technologies, Eyal Waldman, 83North, Walden Catalyst, MoreTech Ventures, Matias Ventures, Hanaco Venture Capital and Argos Wityu. |
| Which companies are comparable to Speedata? | Companies comparable to Speedata include SmartMore Corporation Limited, Velaura AI, Oracle, Databricks, Snowflake and Datadog. |
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