As digital data keeps growing fast, the systems that handle it are starting to show weaknesses. An Israeli startup called Speedata believes it has a solution—and it’s unlike anything else available right now.
On Tuesday, Speedata introduced its new Analytics Processing Unit (APU), which uses a special chip called Callisto. This chip is made to speed up big data analytics tasks.
Unlike regular CPUs or GPUs, which are now overloaded by things like AI and heavy data work, Speedata’s chip is explicitly built for large-scale data analysis. It’s designed to be faster and more efficient.
Speedata’s new chip launch comes after a $44 million Series B funding round. Although the funding was announced on Tuesday, it was completed six months ago, bringing the total money raised by the company to $114 million.
The funding round included investors like Walden Catalyst Ventures, 83North, Koch Disruptive Technologies, Pitango First, and Viola Ventures, along with Intel CEO Lip-Bu Tan and Mellanox co-founder Eyal Waldman.
Speedata was started by Jonathan Friedmann, Dan Charash, Rafi Shalom, Itai Incze, Yoav Etsion, and Dani Voitsechov.
The company recently named Adi Gelvan as its new CEO. Gelvan was previously the CEO of Speedb, which was bought by Redis in 2024 and has also held important leadership jobs at SQream, Infinidat, and EMC.
“As the volume and complexity of data continue to grow at an unprecedented pace, it’s clear that new approaches are needed to complement existing compute architectures,” said Lip-Bu Tan, CEO of Intel and Managing Partner at Walden Catalyst Ventures. “Speedata’s APU is a timely innovation, purpose-built to meet the rising demands of big data analytics at scale.”
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