OmniSci

OmniSci is an American-based software company, that uses graphics processing units (GPUs) and central processing units (CPUs) to query and visualize big data. The company was founded in 2013 by Todd Mostak and Thomas Graham and is headquartered in San Francisco, California.

OmniSci
Private
IndustrySoftware, Advanced Analytics
FoundedSeptember 2013 (2013-09)
FounderTodd Mostak, Thomas Graham
HeadquartersSan Francisco,
California
Area served
Worldwide
Products
  • SQL Engine and Visualization
Websitewww.omnisci.com

The company has a range of products, which help process and visualize big data. OmniSci has partnered with a number of organizations, such as Nvidia, to help build an infrastructure system which processes data much faster than traditional CPU methods. By using multiple GPU cards at once, OmniSci's technology can process data at a much faster rate than CPU's.

OmniSci raised funds in 2016 via a Series A, in 2017 via a Series B, and in 2018 via a Series C funding round.

History

Todd Mostak and Thomas Graham founded OmniSci, then named MapD, in 2013. Since their foundation, the company has focused on providing its services to a variety of markets, including government, public and private companies.[1][2]

OmniSci's main offering is the Core database system, which was developed shortly after the company was founded.[3][4] The system works using GPU technology, which allows for rapid processing and mapping of big data.[5] The idea came while Mostak was working at MIT, he was researching tweets with his queries taking hours or even days to complete using more traditional IT methods.[6]

After setting up a GPU system and thorough testing, InformationWeek stated that the process was 75 times to 3,500 times faster than using a traditional CPU to process big data.[7] Mostak wasn't alone in researching ways to process big data. After winning $100,000 at an Nvidia-ran competition,[8] Nvidia's research in the space has led them to be able to process 750GB per second using a GPU system, when ran in conjunction with systems that OmniSci produce.[6] Other corporations such as IBM were also quoted to be using OmniSci's technology to develop GPU systems.[9]

Prior to the 2016 presidential election, OmniSci created a visualization of political donations as a tool to attempt to predict certain outcomes in the election.[10] In 2017, it was announced that OmniSci would become one of the founding members of the GPU Open Analytics Initiative.[11]

In September 2018, OmniSci was rebranded from MapD.[12]

Funding

In 2016, it was announced that OmniSci had raised capital via a Series A funding round,[13] believed to be $10 million.[14] A number of major participants were listed in the round, which was led by In-Q-Tel.[15] Other participants included Nvidia, Vanedge Capital, and Verizon Wireless.[14] Nvidia became interested in OmniSci, after the company won $100,000 from Nvidia at their GPU Ventures contest.[16]

The following year, OmniSci raised capital via a Series B funding round.[17] The round secured $25 million in additional funding for OmniSci, with New Enterprise Associates, Nvidia and Verizon leading the funding round.[18]

In October 2018, OmniSci secured $55 million through a Series C funding round led by Tiger Global Management,[19] and with the participation of existing investors, including In-Q-Tel, New Enterprise Associates, Vanedge Capital, Nvidia and Verizon Ventures.[20]

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References
  1. Wadhwa, Tina (September 22, 2016). "I listened to 82 finance startup pitches — here's what I learned about where Wall Street is heading". Business Insider.
  2. McKenna, Brian. "Silicon Valley startups home in on pressing value from data". Computer Weekly.
  3. Barinka, Alex (March 30, 2016). "Database Startup MapD Raises $10 Million From Google, Nvidia". Bloomberg.
  4. Higginbottom, Stacey (September 1, 2015). "Nvidia must be stoked: This startup is taking graphics chips corporate". Fortune.
  5. Matheson, Rob (January 11, 2017). "Split-second data mapping". MIT.
  6. Babcock, Charles (December 23, 2016). "GPU Hardware Powers MapD Big Data Management". InformationWeek.
  7. "MapD closer to delivering "supercomputer in a box"". VentureBeat. March 6, 2015.
  8. Tiquet, Alain (November 23, 2015). "We're Helping Entrepreneurs Like You Get Money, Get GPUs, and Get Going – Here's How". NVIDIA.
  9. Taft, Darryl (July 9, 2015). "IBM Puts Nvidia Tesla K80 GPU on SoftLayer Cloud". eWeek.
  10. Janjigian, Lori (November 7, 2016). "Silicon Valley is betting its money on Hillary Clinton". Business Insider.
  11. Cardoza, Christina (May 8, 2017). "The GPU Open Analytics Initiative, Red Hat OpenStack Platform 11, AIY Projects, and NVIDIA's VRWorks SDK". SD Times.
  12. "MapD Rebrands to OmniSci". PRNewswire. September 27, 2018.
  13. Zakrzewski, Cat (March 30, 2016). "MapD Locates $10 Million Series A for Faster Databases". Wall Street Journal.
  14. Novet, Jordan (March 30, 2016). "Nvidia backs GPU-powered data analytics tool MapD in $10 million round". VentureBeat.
  15. Zakrzewski, Cat (October 19, 2016). "CIA's In-Q-Tel Invests In Data Analytics Company MapD". Wall Street Journal.
  16. Takahashi, Dean (March 27, 2018). "Nvidia: 'Every cloud computing software maker is building on top of CUDA'". VentureBeat.
  17. Darrow, Barb (March 29, 2017). "This Data Crunching Company Just Scored A Big New Investment". Fortune.
  18. Magistretti, Berenice (March 29, 2017). "GPU database startup MapD raises $25 million led by NEA". VentureBeat.
  19. Marinova, Polina (October 4, 2018). "Term Sheet -- Thursday, October 4". Fortune.
  20. "OmniSci Secures $55M in Series C Funding". Finsmes.com. October 3, 2018.
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