MemVerge Raised $19 million in Series B From New Investors Including Intel Capital, Cisco Investments, NetApp and SK hynix

MemVerge, Inc. introduced what’s next for in-memory computing: Big Memory Computing.

This new category is for data center architecture where all applications will run in memory. Until now, in-memory computing has been restricted to a select range of workloads due to the limited capacity and volatility of DRAM and the lack of software for HA. Big Memory Computing is the combination of DRAM, persistent memory and Memory Machine software technologies, where the memory is abundant, persistent and highly available.

The company was founded in 2017 on the vision that every application should run in memory. The advent of Optane persistent memory makes it possible for applications of any size to forgo traditional storage in favor of petabyte-size pools of shared persistent memory. Designed for these big memory lakes, MemVerge Memory Machine software provides powerful data services such as ZeroIO Snapshot and memory replication, addressing application data persistence directly in memory. Compatible with existing and future applications, MemVerge technology will change data center architecture and make data-centric workloads such as AI, ML, trading and financial market data analytics and HPC easier to develop and deploy. Enterprises can now train and infer from AI/ML models faster, work with larger data sets in memory, complete more queries in less time and consistently replicate memory between servers.

Backed by Industry Leaders
MemVerge is announcing $19 million in funding from new investors including lead investor Intel Capital as well as Cisco Investments, NetApp, Inc. and SK hynix, Inc. with additional participation from existing investors Gaorong Capital, Glory Ventures, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners and Northern Light Venture Capital.

The investment will be used to advance the development of firm’s Memory Machine software and build out the company’s sales and marketing functions.

Firm’s vision is that future data center workloads will become more memory-intensive, fueled by the emergence of a new Big Memory layer that is persistent and has abundant capacity. Empowered by the right software, such as its Memory Machine technology, Big Memory Computing will transform the way data centers are architected and how applications are developed and deployed in the future.

Data has been growing both in volume and speed, driven by the advancement in data-centric workloads such as AI/ML, big data analytics, IoT and HPC. While the use of in-memory computing has increasingly grown in the past decade to address these workloads, DRAM’s high cost, small capacity and lack of persistence largely relegated it to only the most performance-critical workloads. MemVerge saw the opportunity to build technology that will enable enterprises to run all applications in memory.

“The widespread move of enterprises to much more data-centric business models – a process IDC refers to as digital transformation – is exposing some real performance limitations in the data infrastructure,” said Eric Burgener, research VP, infrastructure systems, platforms and technologies, IDC. “Recent advancements in persistent memory and software-defined memory technology have been brought together by MemVerge, a visionary software start-up, to create a new technology category to address these limitations called Big Memory Computing. Without requiring any existing application rewrites, Big Memory Computing delivers the highest category of data persistence performance with the enterprise data services needed for the real-time, mission-critical workloads that will increasingly drive competitive differentiation for digitally transformed enterprises.”

Combined with the new Optane persistent memory, Memory Machine software enables enterprises to handle this data surge within memory, with a roadmap to achieve petabyte scale at nanosecond-speed. Compatible with existing and future applications, the software optimized for the Xeon Scalable platform provides data services designed for memory, such as instant and non-disruptive ZeroIO Snapshot, cutting the dependency on traditional storage media for data persistence. The combination of Optane persistent memory and MemVerge Memory Machine software creates a Big Memory layer that will bring memory-centric computing to the real world.

“We’re honored to collaborate with these industry leaders to bring Big Memory to the enterprise with our Memory Machine software. Their investment demonstrates their alignment with our vision of a memory-intensive future,” said Charles Fan, CEO and co-founder. “We founded MemVerge on the premise that every application should run in memory. There are clear use cases in AI/ML and financial market data analytics today that can benefit immediately from this new memory-centric architecture. Our goal as the first mover in developing next gen software for the Big Memory revolution is to set the bar for a vastly more effective way for enterprises to run data-intensive workloads.“

“We are proud to lead the Big Memory Revolution with Intel Optane persistent memory and ecosystem partners like MemVerge,” said Alper Ilkbahar, VP and GM, memory and storage products, Intel data platforms group. “The MemVerge team and its innovative Memory Machine software are at the forefront of this industry shift to Big Memory Computing. By combining MemVerge Memory Machine with Intel Optane persistent memory, more applications can run in-memory.”

“It’s exciting to see the progress MemVerge is making in creating Big Memory software that can help organizations overcome the obstacles faced when dealing with massive machine-generated data,” said Mark Rostick, VP and senior MD, Intel Capital. “With MemVerge’s Memory Machine technology and Intel’s Optane DC persistent memory, enterprises will be able to more efficiently and quickly gain insights from enormous amounts of data in near-real time.”

“At NetApp, we strive to empower our customers to accelerate their business potential with data,” said Brad Anderson, EVP, NetApp. “MemVerge’s software combines persistent memory, hyperconverged architecture, and container orchestration, all critical components to support data-intensive applications including AI, ML and intelligent analytics. Our investment in MemVerge supports what we feel is the next step in the evolution of storage technology.”

“MemVerge has invented a powerful software solution that will thrive in a world driven by AI, IoT, and other big data workloads,” said Heejin Chung, head of venture investment at SK hynix. “We’re pleased to invest in MemVerge and believe that, together with our leading expertise in building memory technology, we will foster innovation in this field. We look forward to seeing MemVerge’s technology evolve and be adopted in the market.”

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