Ryft closed a $15 million investment from Grotech Venture Partners, Razor’s Edge Ventures and other undisclosed strategic investors. The company will use the funds to accelerate delivery of a new solution based on proven intellectual property to a larger $16.1B market for Big Data solutions.

Big Data volume and velocity are driving a fast growing emerging market for ultra high performance analytics horsepower. x86 hardware and scaled-out infrastructure have worked well in the past, but cannot meet today’s low latency, IO-intensive data analysis needs. High Performance Computing solutions for Big Data analytics have previously been beyond the reach of the broad market.

Ryft is already a key supplier of compute and storage to US Federal Government, the world’s largest and most sophisticated user of Big Data. The company will leverage existing technology breakthroughs to create a commercially available offering.

About Ryft Systems, Inc.
Ryft is the performance leader in high-speed data analytics solutions that accelerate and streamline terabyte- to petabyte-scale data analytics ecosystems by 100X. With more than a decade of experience delivering incredibly fast data analysis solutions to government agencies, Ryft is the only company that understands how to effectively apply the combination of FPGA compute acceleration and x86 integration to a broad set of data-intensive workloads from the Internet of Things, video cameras, web logs, customer data and other sources. Industry heavyweights in retail, finance, defense and healthcare trust Ryft to power a range of real-time intelligence applications.

For more information, visit www.ryft.com, or follow Ryft on Twitter, Facebook or LinkedIn.