Inovia Capital and Molex Ventures Investing in Eideticom

• Strategic funding puts performance, energy efficiency and cost savings within reach for managers of data-intensive storage systems
• Eideticom’s NoLoad CSP began shipping earlier this year; funding will be used to develop new software stacks for additional applications
• Strategic investment from Molex Ventures ensures NoLoad CSP is available in a range of standard storage form factors

Eideticom Communications, Inc., in first-to-market NVMe computational storage solution, offers cost savings and performance benefits for cloud and enterprise data center markets, announced seed and strategic financing from Inovia Capital and Molex Ventures LLC.  

Eideticom’s NoLoad Computational Storage Processor (CSP) solves the limitations of CPU-centric computing for storage and compute-intensive workloads.

NoLoad Computational Storage FPGA accelerator platform
in 2.5″ U.2 NVM drive form factor

This financing will help scale their team and accelerate deployment of end solutions. 

NoLoad CSP benefits:
• Enables real-time data protection and analysis, reduces energy consumption and improves application performance by reducing I/O bottlenecks.
• For acceleration of storage workloads, database acceleration, ML inference and data analytics.
• Integrates into software stacks like Hadoop, RocksDB, ZFS and others.
• NoLoad CSP disaggregates compute and storage into independently scalable resources; therefore, providing greater scalability, performance and cost efficiency.

Standards-based solution for data center needs:
• Makes computation offload easier to consume by leading a flexible, industry-wide effort using NVMe for both computation and storage.
• NoLoad CSP utilizes FPGA technology, along with Eideticom’s software and computational accelerator cores.

“This funding will enable Eideticom to leverage its market leadership position in computational storage and to rapidly scale our NoLoad CSP solutions,” said Roger Bertschmann, CEO and founder, Eideticom. “Eideticom’s cloud and enterprise data center customers are adopting NoLoad CSP to provide improved scalability and performance and solve their problems in a transformative and cost-efficient manner.“

“Data processing is at the heart of all of our investments, and so this foundational technology has the potential to transform many sectors. We are proud to support this uniquely qualified team in scaling up their computational storage solutions,” said Shawn Abbott, Inovia Capital general partner.

“Our strategic investment in Eideticom will accelerate the creation of Computational Storage solutions, which adhere to industry standard form factors allowing them to be easily integrated into existing and next generation data center infrastructure. This investment further validates our strategy to invest in technologies that support innovation and adoption in the datacom market,” said Lily Yeung, VP, Molex Ventures.

Eideticom, which holds offices in Calgary, Canada, and San Francisco, CA, was founded in 2016 with the mission of developing Computational Storage solutions for cloud and enterprise data centers.

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