Intel, Investinor lead $12.5m series-B for Swarm64

Previous investors Alliance Venture and Target Partners also took part in the round.

With new investor Intel Capital on board, Swarm64 intends to use the fresh capital to advance its technology, primarily by accelerating its database operations for customers.

Previous funding
Springfondet and several angel investors provided NOK 4.5m in seed funding for Swarm64 in August 2013.

In September 2015, Alliance, Target and Investinor invested €7.1m. The fresh capital enabled the company to launch its product and set up operations in the US market.

Company
Founded in 2013 and headquartered in Oslo and Berlin, Swarm64 develops data processing software and hardware for use in cloud-based analytics and gaming platforms.

People
Intel Capital – Don Faria (director).
Investinor – Jon Øyvind Eriksen (investment director).
Alliance Venture – Bente Loe (partner). 
Target Partners – Michael Münnix (partner).
Swarm64 – Karsten Rönner (CEO).

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