Friday, May 8, 2015

Bitfusion Lands $1.45M For Hardware App Acceleration

Austin-based Bitfusion.io, a startup which is using hardware to accelerate software application performance, said this week that it has raised $1.45M in a seed funding round. The funding came from Data Collecetive, Resonant Venture Cpaital, Geekdom Fund, along with others. Bitfusion is out of the Techstars Cloud startup accelerator, and is led by Subbu Rama. Rama was previously at Dell. Bitfusion uses CPUs, graphical processing units (GPUs), and FPGAs to boost the performance of applications, by moving computationally intense operations into hardware. More information »