Seattle- and Seoul-based startup, MangoBoost, has secured $55 million in a Series A funding round for its data processing unit (DPU) hardware and software solutions. The funding will be used to enhance the development and operation of MangoBoost’s products and to expand its workforce. The company’s DPU technology enables data centers to reduce power consumption, optimize performance, and enhance security. MangoBoost’s DPU claims to achieve three times higher performance than existing solutions and reduce CPU usage by up to 95% when used alongside Samsung’s Petabyte SSD storage system.
Key Takeaway
- MangoBoost, a startup specializing in data processing unit (DPU) solutions, has raised $55 million in a Series A funding round.
- The company’s DPU technology helps data centers reduce power consumption and improve performance with cost efficiency and security.
- MangoBoost’s DPU achieves threefold higher performance than existing solutions and reduces CPU usage by up to 95% when used alongside Samsung’s Petabyte SSD storage system.
- The funding will be used to enhance product development, expand the workforce, and meet the growing demand for DPU solutions.
- MangoBoost faces competition from big tech companies and semiconductor giants, but its customizable set of DPU features gives it a competitive edge.
MangoBoost’s Innovative DPU Solution
MangoBoost has developed a DPU solution that helps enterprises and data centers manage massive amounts of data, optimizing workloads and improving cost efficiency. By offloading communication networking from the CPU or GPU, MangoBoost’s DPU helps streamline workload processes in the cloud and data centers, resulting in reduced costs. The startup’s DPU technology has the potential to revolutionize the industry, providing businesses with a powerful tool to enhance their data processing capabilities.
The Importance of DPUs in the Chip Shortage Era
The global chip shortage caused by the COVID-19 pandemic has prompted chipmakers to seek alternatives to traditional chips. As companies look for more efficient ways to cut costs and increase productivity, the data processing unit, or DPU, has emerged as a complementary solution to CPUs and GPUs. DPUs help optimize workloads in cloud and data centers by reducing the workload on more expensive CPUs and GPUs, thereby improving efficiency and cost-effectiveness.
MangoBoost’s Future Plans and Competition
The funding raised in this Series A round will enable MangoBoost to accelerate the development and deployment of its DPU solutions. The company plans to expand its workforce, doubling its current staff by the end of next year. Competition in the DPU market is intensifying, with major players like Intel, Nvidia, AMD, Amazon, and Microsoft investing in DPU vendors to enhance their data center optimization technologies. MangoBoost’s extensive and customizable set of DPU features sets it apart from competitors, enabling the company to meet the unique needs of its customers.
