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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]

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