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Ai-Based Data Center Optimization Startup Mangoboost Raises $55M Series A

PRIVATEOct 24, 2023•over 2 years ago

Amount Raised

$55 Million

Round Type

series a

BellevueSoftwareArtificial Intelligence

Description

The central processing unit (CPU) and the graphics processing unit (GPU) handle different types of data. The CPU is used in almost all devices including computers, cellphones, tablets, smartwatches and TVs. It deals with processing general information on the device, making sure software is running correctly. While the GPU  complements the CPU, it handles complex workloads like supercomputing, AI, machine learning and extensive data analysis where numerical precision is required.

Company Information

Company

MangoBoost

Location

Bellevue, Washington, United States

About

MangoBoost is a provider of advanced system solutions maximizing AI data center efficiency. Central to our wide array of solutions, the MangoBoost DPU enables cost-efficient, standards-based AI infrastructure by providing full compatibility with all commodity GPUs, accelerators and storage products, effective utilization of legacy infrastructure and an easy-to-use network system. Founded in 2022 with 10 years of prior research published at top-tier conferences such as OSDI and ISCA, MangoBoost consists of more than 100 system architects, software engineers and FPGA/SoC engineers, many of whom hold a PhD from the world’s top research institutions and extensive industry experience at big techs. MangoBoost has secured more than 60 million US dollars in funding and is rapidly expanding its presence in the United States, Canada and South Korea.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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