SINGAPORE – GPU accelerated analytics database provider Kinetica anticipates huge demand for GPU technology across the Asia Pacific Japan (APJ) region, as more enterprises handle large volumes of data, prompting the company to announce its expansion plan.
With the anticipated demand from the region, Kinetica affirmed its focus on broadening the adoption of GPU technology to target more enterprises in banking & finance, oil & gas, auto, healthcare, telecom, logistics & delivery, and retail & e-commerce firms.
Research firm IDC’s Worldwide Semiannual Big Data and Analytics Spending Guide reported the Asia Pacific region as the third largest market for big data and analytics solutions. The report added that spending is forecast to reach US$13.6 billion this year.
As part of its expansion in the region, Kinetica is the appointment of Joseph Lee as Vice President for APJ, who will focus on creating visibility for the brand, accelerating Kinetica deployment in the region, driving customer success, and strengthening partnerships.
“Lee will propel Kinetica business growth across Southeast Asia, to Australia, Japan, and Korea,” the company announced.
Lee joins Kinetica from Cloudera, where he was the Senior Director of ASEAN and India. Prior to Cloudera, Lee held sales director roles at Cisco and TIDAL Software.
Amit Vij, CEO and Co-Founder at Kinetica, said they are thrilled about the business prospect in the region as they see the market entry successfully contributing to the company’s overall growth strategy.
“With the tremendous growth of commercial activity across various sectors, enterprises are going to sharpen their focus on making intelligent decisions, leveraging the data that resides within their business. We are confident that Joseph’s experience with enterprise software in both startup and multi-national companies will accelerate customers’ success in the region,” Vij said.
The company’s expansion in the APJ region follows its recent US$50 million Series A funding co-led by Canvas Ventures and Meritech Capital Partners, with the participation of new investor Citi Ventures and existing investor Ray Lane of GreatPoint Ventures, formerly President and COO at Oracle.
Kinetica was initially developed for the US Army Intelligence and Security Command and the National Security Agency to track and capture terrorists in real time.
The result was an enterprise-grade SQL database built from the ground up, powered by GPUs, that provides instant results and the ability to visualize insights across massive, streaming datasets.
The product has since been deployed by the United States Postal Service, GlaxoSmithKline, PG&E, IronNet Cybersecurity and one of the world’s largest retailers. – BusinessNewsAsia.com