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Swarm64 AS raises up to EUR7.1m from Alliance Venture, Target Partners and Investinor

Tue, 29/09/2015

Swarm64 AS, a data acceleration company from Oslo and Berlin, has raised a total of up to EUR7.1 million from lead investors Alliance Venture, Target Partners and Investinor. The funds will be used for market entry, building out the team and to set up operations in the US market.

Swarm64 has been developing a hardware and software solution that scales databases in size and speed past their current limitations. Swarm64’s Scalable Data Accelerator (SDA) and its database extensions will contribute to the professionalisation of open source databases. The SDA resolves the known trade-off in databases between transaction heavy and analytics heavy workloads. It builds on the strengths of the open source community, the evolution of high-performance solid-state storage, and utilises industry standard interfaces.

There is significant business value in combining the speed and real-time aspects of transaction processing with the ability to answer complex analytics queries in seconds. Swarm64 offers these capabilities integrated in a single system, thereby eliminating the complexity of integration of multiple solutions.

“As performance increases, the line between transaction heavy data processing and real time analytics starts to blur. Swarm64 is well positioned to enable a growing demand for intelligent analytics driven applications”, says John Abbott, co-founder and Distinguished Analyst at 451 Research, “Swarm64 has been able to build on recent advances in GPUs, many-core RISC processors and the open source software stack to introduce a new approach to data acceleration for lower costs, higher performance and greater efficiency.”

“This investment supports us in our mission to handle complex and sizeable data affordably and with ease and take down the borders between data warehousing and live production datasets. Companies want to benefit from their data the second it becomes available, and we are providing the solution” says Dr Karsten Rönner, CEO.

Kurt Müller (pictured), partner and co-founder of Target Partners, adds: “Swarm64 has a disruptive new approach to database acceleration, providing orders of magnitude faster performance to the broader commercial market. Great team, great product.”

“Swarm64 has now reached the stage that fits well with our overall investment strategy to fund technology companies aiming for international growth and expansion“, says Jon Øyvind Eriksen, Investment Director at Investinor.

Bente Loe, partner at Alliance Venture, “we recognized Swarm64’s potential early and have been supporting the company since the seed-stage. Now we are excited to back the company during its growth phase”.

Swarm64 was founded by Eivind Liland, one of the developers of the ARM Mali mobile GPU, Thomas Richter and Alfonso Martínez in early 2013 and operates in Oslo and Berlin. In 2012 and 2013 the founding team was supported by Humboldt Innovation of the Humboldt University Berlin.

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