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DataPelago Emerges from Stealth, Raises $47M for Universal Data Processing Engine

Oct 1, 2024, 02:52 PM

DataPelago has emerged from stealth mode, unveiling what it describes as the world's first 'universal data processing engine' designed to handle the complexity and volume of modern data for accelerated computing, analytical, and AI workloads. The startup has raised $47 million in seed and Series A funding to support its mission. DataPelago claims its technology can deliver a five-fold reduction in query and job latency while providing significant cost savings for enterprises. Additionally, the company focuses on optimizing hardware for analytical workloads.