MAVA Member In-Q-Tel joins Series A round for MapD
SAN FRANCISCO, Oct. 19, 2016 /PRNewswire/ — MapD, the leader in graphics processing unit (GPU) powered analytics for the enterprise, today reported that In-Q-Tel, Inc. (IQT), the non-profit strategic investor that identifies innovative technology for the U.S. Intelligence Community, participated in the company’s Series A round. IQT joins previously announced investors GV (formerly Google Ventures), Nvidia, Vanedge Capital, and Verizon Wireless.
Under the terms of the agreement, MapD and IQT will collaborate on the acceleration of certain features of MapD’s GPU-powered database and visualization platform. MapD’s software is purpose built for the parallel processing power of GPUs and delivers speedups of 75 to 1,000 times over traditional databases. By leveraging the rendering capabilities of the graphics processor, MapD can also visualize billions of rows of data in milliseconds, orders of magnitude faster than the current state of the art.