Secures $5 Million In Seed Funding From CrossCut, Pelion Venture Partners And NVIDIA Launches First GPU-Native Stream Processing Engine Leveraging NVIDIA GPUs to Provide the Fastest Real-time Stream Processing of Data in Motion

SANTA MONICA, Calif., March 27, 2018 — (PRNewswire) —, a real-time stream processing company, today announced it has raised a $5M seed round co-led by CrossCut and Pelion Venture Partners with participation from existing investor NVIDIA. will use the financing to accelerate the adoption of its high performance computing software, FDIO Engine™, the first GPU-native software, which exploits the massively parallel processing capability of NVIDIA graphics processing units (GPUs) to provide real-time stream processing of big data in motion.

FDIO Engine is the world's fastest and most efficient stream processing software and was designed to meet the critical and growing demand for efficient, real-time big data processing. By processing complex algorithms against terabytes of live streaming data, FDIO Engine accelerates stream processing up to 1,000 times faster than any CPU-based software. It also reduces total real-time data processing costs by more than seventy percent and power and space requirements by more than ninety-eight percent in the data center whether running in the public cloud or on private servers. This new level of efficiency will save billions of dollars in power costs while tremendously reducing greenhouse emissions. will launch and demo its FDIO Engine at the NVIDIA GPU Technology Conference on March 26-29 in San Jose.

"FDIO Engine offers unmatched efficiency and cost savings, allowing new applications to truly exploit data processing at the speed of thought for the first time," said Alen Capalik, CEO and founder of "This paradigm shift, from traditional batch processing where you must store data before processing to true real-time processing where you can process data before deciding to store it, will open exciting new possibilities for application development in numerous industries."

FDIO Engine is the first software to natively run on the GPU Data Frame (GDF), which uses the Apache Arrow columnar format to represent data on the GPU. GDF is the data format supported by the GPU Open Analytics Initiative (GoAi).

"NVIDIA GPU Ventures were early investors into as we quickly recognized the importance of bringing real-time stream processing capability into the GPU-accelerated analytics ecosystem," said Jeff Herbst, vice president of business development at NVIDIA. "We are huge supporters of both GDF and the business plan, and see them essentially 'paving the freeway' for faster, highly efficient data communication between GPU-based software solutions."

Ben Lambert of Pelion Venture Partners and Brian Garrett of CrossCut will join's Board of Directors, along with cybersecurity expert and retired four-star Admiral William Fallon. Admiral Fallon is a former head of both U.S. Pacific Command and U.S. Central Command. He has led U.S. and Allied forces in eight separate commands at the highest levels of the United States government during his 41 years of leadership and service.

"We love seeing frontier tech like getting started right here in Los Angeles, as it is a testament to the growing technology diversity of the Southern California tech ecosystem," said Brian Garrett of CrossCut. " is poised to transform the big data and streaming analytics space, utilizing GPUs to offer a level of performance and efficiency never seen before in data processing."

" will create endless innovative opportunities for businesses in industries that need real-time stream processing like finance, security, ad-tech, telecom, cloud, AI, Internet of Things, autonomous vehicles, and robotics," said Ben Lambert of Pelion Venture Partners. "Alen and the team have a deep technology background and an impressive history of creating new categories in the cybersecurity space. We're excited to work with them and see the many ways that companies will now leverage real-time data to drive new technologies forward."

About has developed the world's fastest and most efficient stream processing software engine. Leveraging general-purpose computing on graphics processing units, has developed its FDIO Engine™, a high performance computing software engine, to exploit the massively parallel processing capability of NVIDIA's GPU platform. The FDIO Engine scales stream processing up to three orders of magnitude faster, while simultaneously cutting power and space requirements in the data center by more than 98%. Founded in 2016, is led by CEO and founder Alen Capalik. is headquartered in Santa Monica, California with offices in Seattle, Washington. For more information, visit


Cision View original content with multimedia:


Company Name:, CrossCut, Pelion Venture Partners, NVIDIA, Tracy Akselrud
Email Contact

Review Article Be the first to review this article

 Advanced Asembly

Featured Video
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
You’re Invited! SEMI’s Innovation for a Transforming World
intelThe Dominion of Design
by intel
The Long Game: Product and Security Assurance
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Setting a High Standard for Standards-Based IP
Sr Engineer - RF/mmWave IC Design for Global Foundaries at Santa Clara, California
Pre-silicon Design Verification Engineer for Intel at Santa Clara, California
Test and Measurement System Architect for Xilinx at San Jose, California
Technical Product Manager- SISW-EDA 238452 for Siemens AG at Fremont, California
Senior Staff Field Application Engineer for Global Foundaries at Santa Clara, California
Staff SerDes Applications Design Engineer for Xilinx at San Jose, California
Upcoming Events
Innovation for a Transforming World -virtual Event at United States - Jul 13 - 14, 2021
DesignCon 2021 at San Jose McEnery Convention Center San Jose, CA San Jose CA - Aug 16 - 18, 2021
SEMICON Southeast Asia 2021 Hybrid Event at Setia SPICE Convention Centre Penang Malaysia - Aug 23 - 27, 2021
7th International Conference on Sensors & Electronic Instrumentation Advances (SEIA' 2021) at Palma de Mallorca, Mallorca balearic islands) Spain - Sep 14 - 16, 2021
Verific: SystemVerilog & VHDL Parsers

© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise