InAccel builds FPGA-based cloud hardware accelerators to speed up computationally intensive workloads such as machine learning, data analytics and genomics. Its first products are high-performance accelerators for machine learning and are available through the AWS Marketplace. The company positions its FPGA offerings as a way to boost algorithm performance while reducing energy and operational costs. InAccel will use the new funding to accelerate product development and expand distribution across public cloud vendors. Company leadership frames this as capturing demand from data centers and cloud providers adopting hardware accelerators. The firm seeks to become a default solution for running FPGAs on the public cloud.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2018