TechTaffy

tech:

taffy

Kinetica raises $50 million

By TechTaffy Desk

San Francisco, California-based Kinetica, a company that offers a GPU-accelerated relational database, has closed a $50-million Series A round of financing. The investment was co-led by Canvas Ventures and Meritech Capital Partners, with participation from new investor Citi Ventures and existing investor Ray Lane of GreatPoint Ventures. The company says it will use the funding to hire additional engineering, sales, and marketing talent, as well as open new offices worldwide.

In conjunction with the financing, Gary Little and Paul Madera will join Ray Lane, Amit Vij, and Nima Negahban on the company’s board.

Kinetica customers include GlaxoSmithKline, PG&E, US Postal Service, and IronNet Cybersecurity, among others, according to the company.

Kinetica has raised a total of $63 million to date.

[Image courtesy: Kinetica]

Just in

Fundings

Wiz raises $1B

Cloud security company Wiz has raised $1 billion in a funding round.
Fundings

Augment raises $227M 

Palo Alto, Calif.-based Augment, an AI coding assistance startup, has emerged from stealth with the announcement of a $227 million Series B funding round.
Fundings

Dropzone AI raises $16.85M

Dropzone AI, a company that delivers pre-trained autonomous AI analysts that work alongside human analysts on security operations teams, has raised $16.85 million in a Series A funding round.
IT

Akamai to acquire Noname Security for $450M

Akamai Technologies has entered into an agreement to acquire San Jose, California-based, privately-funded API security company Noname Security, for approximately $450 million.
AI

Ukraine unveils AI-generated foreign ministry spokesperson — The Guardian

Victoria Shi is modelled on Rosalie Nombre, a singer and former contestant on Ukraine’s version of the reality show The Bachelor, according to the report on The Guardian.