Thursday, April 28, 2016

Levyx Raises $5.4 Million for Big Data Store

Levyx, a start-up based in Irvine, California, announced $5.4 million in Series-A funding for its high-performance processing technology for reducing infrastructure costs associated with big-data applications.

The funding was led by Chicago-based OCA Ventures. Additional investors include Amino Capital (a.k.a. zPark Capital) and Sumavision USA Corporation, as well as individual investors.

Levyx said its "Helium" data engine is built for the modern "open-platform" commodity-hardware datacenter.  "Helium is an ultra-low latency datastore that can process tens of millions of queries per second on a single computing node. By leveraging Helium and its core expertise system software and SSD/NVM technology, Levyx enables its customers to achieve in-memory computing performance at a fraction of the normal cost by using Flash-SSDs (versus much more expensive DRAM) and running on commodity hardware. Levyx’s patent-pending Input/Output software and indexing algorithms take advantage of multicore architectures and flash memory and is also designed to optimize emerging NVM technologies."

“We have seen a huge amount of innovation in the software and storage hardware associated with big-data applications, but there are big inefficiencies because the two sides have been walled off from one another,” CEO and Founder Reza Sadri said. “By fixing this disconnect with a fundamentally new software stack, we pave the way for real-time processing of big-data workloads for the masses. The support and guidance of investors like OCA Ventures, Amino Capital and Sumavision will help us in our quest to make big-data applications dramatically more affordable for everyone.”

http://www.levyx.com

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