Data acceleration solutions startup NeuroBlade Ltd. revealed today that it has raised $83 million in new funding to increase the company’s engineering, sales and marketing teams globally.

Corner Ventures led the Series B round. Also participating in the round were Intel Capital, StageOne Ventures, Grove Ventures, Marius Nacht, MediaTek, Pegatron, Powerchip Semiconductor, United Microelectronics and Marubeni. Including the new funding, NeuroBlade has raised $110 million to date.

Founded in 2017, NeuroBlade has developed a new data analytics architecture that’s said to eliminate major data movement bottlenecks by integrating the data processing function inside processing in memory. PIM, also known as in-memory processing, is the integration of a process with random access memory on a single chip. That contrasts with other techniques that rely on reading and writing data to and from slower media such as disk drives.

According to NeuroBlade, existing system architectures show that the constant shuffling of data between storage, memory and central processing is the primary cause of poor application performance and slow response times.

NeuroBlade claims it is the first company to bring PIM to production. It says its chips accelerate data analytics and unclog traditional bottlenecks by integrating its technology into a full system-level, easy-to-deploy appliance.

Central to NeuroBlade’s system architecture is the IMPU, for intense memory processing unit, which harnesses the power of computation memory to enable faster and more efficient data processing. By eliminating unnecessary data movement, the solution removes data bottlenecks that clog traditional central processing units and impede data analytics performance.

Benefits include improved performance, reduced total cost of ownership and the solution being efficiently scalable.

“We invented a new building block in computer architecture so organizations can quickly answer critical problems facing society and vastly improve business opportunities,” Elad Sity, co-founder and chief executive officer of NeuroBlade, said in a statement. “We built a data analytics accelerator that speeds up processing and analyzing data over 100 times faster than existing systems. Based on our patented XRAM technology, we provide a radically improved end-to-end system for the data center.”

The NeuroBlade solution has begun shipping its data accelerator to some customers and partners worldwide, including deployments in some of the world’s biggest data centers. Notable partners and clients include Intel Corp. and SAP SE.

Image: NeuroBlade