NVXL Technology Announces US$20 Million Series A Round with Alibaba as Lead Investor

FREMONT, Calif., Nov. 13, 2017 /PRNewswire/ -- NVXL Technology, Inc., a disaggregated compute acceleration startup, announced today a $20 Million Series A round with Alibaba Group as a lead investor.

In conjunction with the investment, the companies have entered into a collaboration agreement to work together and evaluate NVXL's technology to support deep learning and machine learning workloads on Alibaba's platforms. 

"This investment and strategic collaboration with Alibaba Group will enable NVXL to bring our innovative compute disaggregation technology to the market faster and with the benefit of working with a world-class Cloud Computing leader," said Jeffrey Bunting, CEO of NVXL.

The NVXL patform is built from the ground up to accelerate and scale compute performance with industry-leading density and performance/power/cost. Harnessing the power of FPGA and ASIC acceleration, the platform connects seamlessly to machine learning frameworks and implements a data flow architecture in a dynamically provisioned instance created from a pool of acceleration devices.  By abstracting all low-level details, the platform is extremely easy to use.

NVXL will be previewing the platform at the 2017 SuperComputing conference in Denver, Colorado on November 13th-16th, Booth #882.

About NVXL Technology, Inc.
With unprecedented flexibility and scale, NVXL is transforming the way compute acceleration is deployed, consumed, and delivered. Running on standard hardware, NVXL's platform handles low-level implementation details so developers and data scientists can be more productive. The platform can scale to thousands of FPGA and ASIC compute acceleration devices connected via a redundant, persistent fabric and can virtualize the compute power required for a myriad of cloud-scale applications. 

Direct media enquiries to [email protected].

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SOURCE NVXL Technology, Inc.

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