Intel, Cisco and NetApp Invest $19 Million in a Big Memory Computing Platform
Cloud Giants have Placed their Faith in MemVerge, the Maker of Memory Machine Software; Investors, including SK hynix, Expect Early Access Program to be Available in Q2
Leading technology corporations have invested in a next-gen memory computing platform that could revolutionize Data Center architecture in the coming months. With $19 million funding, MemVerge has climbed to top of our tech RADAR for FY 2020-21.
We would remember the years between 2010 and 2019 as the era of “Big Data Wrangling and Management.” The next years of the current decade would be about consolidating these Big Data management practices to turn IT operations into a more data security-centric model. IDC believes data-centric models are central to modern digital transformation, provided they take care of the real performance issues and limitations in data infrastructure. The answer lies with Big Memory Computing and the companies that are working in this fairly unique ecosystem.
At the time of his funding from Intel and Cisco, Charles Fan, CEO and co-founder of MemVerge expressed his intent to collaborate extensively with industry leaders to bring Big Memory to the enterprise. Charles says, “The investment demonstrates their alignment with our vision of a memory-intensive future.”
What is MemVerge?
MemVerge is the inventor of Memory Machine™ software. It has announced the launch of a powerful big memory computing architecture: Big Memory Computing. Big Memory Computing is an infantile category in the fast-growing Data Center-as-a-Service landscape, which already has many AIOps and AutoML companies servicing the current Cloud giants.
The primordial ingredient in the Big Memory Computing is — Storage Class Memory (SCM).
Today, SCM is sparking a new era of IT modernization where applications of any size can forgo traditional storage in favor of petabyte-size pools of shared persistent memory. MemVerge Memory Machine software simplifies the entire computing architecture, providing powerful data services such as ZeroIO™ Snapshot and memory replication to address real-time application data persistence directly in memory.
Based in Silicon Valley, MemVerge caters to large-sized enterprises for their data-intensive workloads in bare metal, Cloud, container and virtual environments.
What is Big Memory Computing: Quick Integrations with Intel, Cisco, NetApp and SK hynix
MemVerge was founded on the vision that every application should run in memory.
In 2020, we are seeing rampant growth in cybersecurity and data security framework companies that help to manage variable workloads automatically. MemVerge is at the center of sparking a revolution in data center architecture where all applications will run in memory.
In the past, we have witnessed how companies craved for in-memory computing to manage their select range of workloads. Most of them were left to slow down due to the limited capacity and volatility of DRAM and the lack of software for high availability.
Big Memory Computing is the combination of DRAM, persistent memory and Memory Machine.
Compatible with existing and future applications, MemVerge technology will revolutionize data center architecture and make data-centric workloads such as artificial intelligence (AI), machine learning (ML), trading and financial market data analytics and high-performance computing (HPC) easier to develop and deploy. Enterprises can now train and infer from AI/ML models faster, work with larger data sets in memory, complete more queries in less time and consistently replicate memory between servers.
Big Memory Computing is Backed by Industry Leaders
MemVerge is announcing $19 million in funding from new investors including lead investor Intel Capital as well as Cisco Investments, NetApp and SK hynix, with additional participation from existing investors Gaorong Capital, Glory Ventures, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners and Northern Light Venture Capital. The investment will be used to advance the development of MemVerge’s Memory Machine software and build out the company’s sales and marketing functions.
MemVerge’s vision is that future data center workloads will become more memory-intensive, fueled by the emergence of a new Big Memory layer that is persistent and has abundant capacity. Empowered by the right software, such as MemVerge’s Memory Machine technology, Big Memory Computing will transform the way data centers are architected and how applications are developed and deployed in the future.
Brad Anderson, executive vice president at NetApp said,
“At NetApp, we strive to empower our customers to accelerate their business potential with data.”MemVerge’s software combines persistent memory, hyperconverged architecture, and container orchestration, all critical components to support data-intensive applications including AI, machine learning and intelligent analytics. Our investment in MemVerge supports what we feel is the next step in the evolution of storage technology.”
Industry leaders such as Intel, Cisco, NetApp and SK hynix decided to invest in this vision.
Data has been growing dramatically both in volume and speed, driven by the advancement in data-centric workloads such as AI/ML, big data analytics, IoT and HPC. While the use of in-memory computing has increasingly grown in the past decade to address these workloads, DRAM’s high cost, small capacity and lack of persistence largely relegated it to only the most performance-critical workloads. MemVerge saw the opportunity to build technology that will enable enterprises to run all applications in memory.
Eric Burgener, research vice president, Infrastructure Systems, Platforms and Technologies at IDC said,
“Recent advancements in persistent memory and software-defined memory technology have been brought together by MemVerge, a visionary software startup, to create a new technology category to address these limitations called Big Memory Computing. Without requiring any existing application rewrites, Big Memory Computing delivers the highest category of data persistence performance with the enterprise-class data services needed for the real-time, mission-critical workloads that will increasingly drive competitive differentiation for digitally transformed enterprises.”
Big Memory Machine Can Handle Data Surge with Nanosecond Reaction
Combined with the new Intel Optane persistent memory, MemVerge’s Memory Machine software enables enterprises to handle this data surge within memory, with a roadmap to achieve petabyte scale at nanosecond-speed.
Compatible with existing and future applications, Memory Machine software optimized for the Intel Xeon Scalable platform provides data services designed for memory, such as instant and non-disruptive ZeroIO Snapshot, cutting the dependency on traditional storage media for data persistence.
The powerful combination of Intel Optane persistent memory and MemVerge Memory Machine software creates a Big Memory layer that will bring memory-centric computing to the real world.
CEO of MemVerge Charles added, “We founded MemVerge on the premise that every application should run in memory. There are clear use cases in AI/ML and financial market data analytics today that can benefit immediately from this new memory-centric architecture. Our goal as the first mover in developing next generation software for the Big Memory revolution is to set the bar for a vastly more effective way for enterprises to run data-intensive workloads.”
Early Access Program and Upcoming Webinar on Big Memory Computing
MemVerge Memory Machine software will be available to select customers as part of the Early Access Program this quarter.
Alper Ilkbahar, vice president and general manager, Memory and Storage Products at Intel Data Platforms Group said, “We are proud to lead the Big Memory Revolution with Intel Optane persistent memory and ecosystem partners like MemVerge. The MemVerge team and its innovative Memory Machine software are at the forefront of this industry shift to Big Memory Computing. By combining MemVerge Memory Machine with Intel Optane persistent memory, more applications can run in-memory.”
Mark Rostick, vice president and senior managing director, Intel Capital added, “It’s exciting to see the progress MemVerge is making in creating Big Memory software that can help organizations overcome the obstacles faced when dealing with massive machine-generated data. With MemVerge’s Memory Machine technology and Intel’s Optane DC persistent memory, enterprises will be able to more efficiently and quickly gain insights from enormous amounts of data in near-real time.”
“MemVerge has invented a powerful software solution that will thrive in a world driven by AI, IoT, and other big data workloads,” said Heejin Chung, head of venture investment at SK hynix.
Heejin added, “We’re pleased to invest in MemVerge and believe that, together with our leading expertise in building memory technology, we will foster innovation in this field. We look forward to seeing MemVerge’s technology evolve and be adopted in the market.”
Currently, MemVerge, the inventor of Memory Machine™ software, opens the door to Big Memory, a world of abundance, persistence and high availability. While the use of in-memory computing grew in the past decade, DRAM’s high cost, small scale and lack of persistence largely relegated it to only the most performance-critical workloads.
MemVerge technology will revolutionize data center architecture and make data-centric workloads such as —
- AI ML,
- Trading and financial market data analytics,
- and high-performance computing (HPC) easier to develop and deploy.
Enterprises can now train and infer from AI/ML models faster, work with larger data sets in memory, complete more queries in less time and consistently replicate memory between servers.