Speedata

Market position

Speedata describes its product as the first dedicated accelerated processor for big data analytics, competing with general-purpose processors and with GPU-based approaches to analytics acceleration, including those pushed by Nvidia. Its stated ambition is for the APU to become the default processor for data analytics across databases and analytics platforms.

Rather than adapting general-purpose or graphics-oriented silicon, Speedata's chip is designed from the ground up for data analytics, addressing analytics-specific bottlenecks at the compute level. Integration requires no changes to existing applications or infrastructure because the Dash software layer redirects Spark jobs to the accelerator, and the PCIe card is server-agnostic.

Technology

The APU is a purpose-built analytics processor based on a massively parallel architecture; several founders were among the first researchers to develop Multi-Threaded Coarse-Grained Reconfigurable Architecture (CGRA) technology, and they worked with ASIC design experts on the chip. Every element of the chip, including its memory and I/O acceleration chains, was designed around analytics bottlenecks. The first silicon is the Callisto chip, delivered on the C200 PCIe Gen5 x16 card, which is server-agnostic. The Dash software stack for Apache Spark dynamically redirects jobs to the APU without application or infrastructure changes. Development progressed from concept to FPGA-based testing before design finalization and manufacturing of the first APU in late 2024.

Go-to-market

The company worked with launch partners across finance, healthcare, insurance and AdTech to test the APU prior to launch and reported a pipeline of enterprise customers awaiting the product. The official product launch was set for Databricks' Data & AI Summit in the second week of June 2025, where the APU was to be publicly showcased for the first time. A Chief Revenue Officer leads go-to-market strategy and strategic partnerships, and the company has announced a partnership with European sovereign cloud provider Nebul.

Cloud providers, enterprises, private data centers and technology providers running large-scale analytics; launch partners came from finance, healthcare, insurance and AdTech, and the company also cites use in telecommunications, real estate and pharmaceutical workloads.

Geography

Headquartered in Tel Aviv, Israel; a partnership with Nebul targets European sovereign cloud deployments, and the go-to-market organization addresses hyperscale and enterprise data center customers internationally.

History

Founded in 2019, the company emerged from stealth with a $55 million Series A for its big data analytics chip. It moved from concept to FPGA-based testing and finalized the design and manufacturing of its first APU in late 2024. Adi Gelvan, previously co-founder and CEO of Speedb (acquired by Redis in 2024) and an executive at SQream, Infinidat, XIV and EMC, joined as CEO in 2025 following the chip tape-out. In June 2025 the company announced a $44 million Series B — completed roughly six months earlier — bringing total capital raised to $114 million, and launched the Callisto-powered APU and C200 card.

Risks & controversies

Performance claims such as up to 100x gains and the cited 280x pharmaceutical workload result are company-reported, and the enterprise customers testing the APU were not named. The product moved to commercial launch only in mid-2025, so adoption at scale remains unproven, and the company competes against entrenched CPU and GPU suppliers including Nvidia.