Investinor invests in SWARM64
Swarm64, a data acceleration company based in Oslo and Berlin, raises up to MEURO 7.1 from Investinor, Target Partners and Alliance Venture.
The funds will be used for market entry, building out the team and to set up operations in the US market.
Swarm64 offers a hardware and software solution that scales databases in size and speed past their current limitations.
Swarm64’s Scalable Data Accelerator (SDA) and its database extensions will contribute to the professionalization of open source databases.
The SDA builds on the strengths of the open source community, the evolution of high-performance solid-state storage, and utilizes industry standard interfaces. Swarm64 eliminates the complexity of integration of multiple solutions.
Kurt Müller, partner and co-founder of Target Partners, says;
“Swarm64 has a disruptive new approach to database acceleration, providing orders of magnitude faster performance to the broader commercial market. Great team, great product.”
“Swarm64 has now reached the stage that fits well with our overall investment strategy to fund technology companies aiming for international growth and expansion“, says Jon Øyvind Eriksen, Investment Director at Investinor.
Says Bente Loe, partner at Alliance Venture:
“We recognized Swarm64’s potential early and have been supporting the company since the seed-stage. Now we are excited to back the company during its growth phase”.
Swarm64 was founded by Eivind Liland, Thomas Richter and Alfonso Martínez in early 2013 and operates in Oslo and Berlin. In 2012 and 2013 the founding team was supported by Humboldt Innovation of the Humboldt University Berlin.
For more information about Swarm64, contaqct its CEO Dr. Karsten Rönner at +49 173 377 33 19 / karsten@swarm64.com
