Katana Graph Secures $28.5 Million Series A Financing Round Led by Intel Capital
AUSTIN, Texas, Feb. 24, 2021 — Katana Graph, the high-performance scale-out graph processing, AI and analytics company, announced today that it has completed a $28.5 million Series A financing round led by Intel Capital with participation from existing and new investors including WRVI Capital, Nepenthe Capital, Dell Technologies Capital, and Redline Capital. Intel Capital investment director, Vijay Reddy, will join Katana Graph’s board of directors, while Redline’s managing partner Tatiana Evtushenkova, and Dell Technologies Capital president, Scott Darling, will join as board observers.
“We are delighted to welcome our new investors,” said Keshav Pingali, CEO and cofounder of Katana Graph. “These investments will let us accelerate our product roadmap execution, and continue to expand the use of our technology across a range of industries and innovative applications.”
Katana Graph’s platform extracts actionable insights from massive unstructured data sets, using high-performance graph algorithms. At the heart of Katana Graph’s solution is the Katana Graph Engine with its accompanying partitioner, communication, virtualization and storage technology modules, which are the culmination of more than a decade of advanced research in graph technology and high performance computing.
“Katana Graph’s platform helps large enterprises make sense of their large unstructured data sets, and we’re seeing this demand across a variety of industries from social networks to biomedical and pharmaceutical research,” said Anthony Lin, managing partner and Head of Intel Capital. “We are excited to lead Katana Graph’s new funding round based on our collaboration last year where Katana Graph’s technology was optimized for Intel Xeon processors and Xeon-based clusters. We’re looking forward to helping Katana Graph accelerate their growth.”
“We are delighted to be investing in Katana Graph and its elite team,” said Scott Darling, president of Dell Technologies Capital. “The Katana platform is a breakthrough solution that integrates data ingestion, querying, and analytics with unprecedented scale and performance to address the data deluge problem for unstructured graph data. We are also excited to back the company given Dell Technologies’ and Katana Graph’s shared roots in the University of Texas at Austin.”
The Series A financing builds on an exceptional year for Katana Graph, which saw a rapidly-growing number of enterprise clients in the pharmaceutical, fintech, identity, security, and EDA market segments, as well as strong momentum in the explosive big data analytics market. Katana’s leadership team also includes industry veterans with track records of running successful technology businesses or divisions, including Chris Rossbach, CTO and co-founder, who has held senior roles at VMware and Microsoft Research, and Farshid Sabet, Chief Business Officer, who was GM of Edge AI at Intel. N. R. Narayana Murthy, founder of Infosys and Amy Chang, board member at Procter & Gamble and Cisco, are board advisors for Katana.
Key features and benefits of the Katana Graph include:
- Ability to handle massive unstructured data and integrate complex pattern mining workloads on large enterprise data sets and knowledge graphs;
- Superior performance for complex graph AI, graph pattern mining and graph analytics algorithms;
- Support for heterogeneous clusters of computing resources including x86 CPUs, ARM CPUs, GPUs and other accelerators; and
Ease of development of high-performance graph AI, graph pattern mining and graph analytics applications, and seamless integration with graph querying.
About Katana Graph
Katana Graph analyzes unstructured data and enables our partners to make better decisions by solving challenging big data problems through graph analytics and machine learning. Katana Graph combines cutting-edge algorithms, innovation in hardware acceleration, and emerging storage technologies to provide multiple orders of magnitude performance improvements to graph databases, graph analytics and graph mining workloads. Katana Graph’s elite team includes field leaders in graph algorithms, machine learning, graph neural net, programming languages, runtimes, virtualization and storage. To learn more about Katana Graph, visit www.katanagraph.com.
About Intel Capital
Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter and cloud, 5G, next generation compute and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US$12.9 billion in more than 1,582 companies worldwide, and 692 portfolio companies have gone public or participated in a merger. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com.
Source: Katana Graph