Irvine-based Levyx Inc. closed $5.4 million in Series A funding. It develops technology to cut costs associated with applications for big data—amounts of information so large or complex that they overwhelm traditional data-processing applications.
The company’s “Helium” data engine is said to bridge the gap between traditional hardware storage and newer software that’s in use to handle big data. That makes big data processing more accessible and affordable, according to Reza Sadri, Levyx co-founder and chief executive.
Money raised in its most recent funding will go to product development and sales and marketing.
Chicago-based OCA Ventures led the funding round with participation by Palo Alto-based Amino Capital and Mountain View-based Sumavision USA Corp. Executives from tech companies that include Hopkington, Mass.-based EMC and Newtown Square, Penn.-based SAP also pitched in.
Sadri and Tony Givargis, chief technology officer, founded the company in 2013.
—Deirdre Newman
