Home Business Kharkiv startup receives over $1 million

Kharkiv startup receives over $1 million


Ukrainian-American startup Galactic Exchange has received a $1.25m investment from Floodgate Capital and Signia Ventures, reports AIN.UA.

Screen Shot 2016-08-09 at 12.02.03 PMStart-up co-founder Kladko Konstantin said the funding will go towards opening a sales office in Silicon Valley and expansion of the Kharkiv office. The startup currently has two offices in Menlo Park and Kharkiv.Screen Shot 2016-08-09 at 12.02.12 PM

The startup creators claim their technology helps to collect the Hadoop cluster in five minutes. The basic service is free to small companies, but is limited to 1 TB of recorded data.

In September, the startup plans to announce its own app store in Big Data.

BACKGROUND: Galactic Exchange, Inc. develops software to enable the industry’s easiest and fastest possible deployment and management of powerful container-enabled compute clusters for Big Data. The ClusterGX™ platform can be deployed in minutes with zero required big data or clustering experience.

Hadoop (Apache Software Foundation) is an open-source software framework for distributed storage and distributed processing of very large data sets on computer clusters built from commodity hardware.

We also recommend you read: Ukrainian startup launches “smart” keychain salesElectricite de France chose the best Ukrainian startupWhich Ukrainian startups gained $350,000 investment?

Previous articleKharkivens will be dancing in the streets until October
Next articleUkraine’s Svitolina beats Serena Williams at Rio Olympics