Latest news with #TelAviv-based
TechCrunch
4 hours ago
- Business
- TechCrunch
Speedata, a chip startup competing with Nvidia, raises a $44M Series B
Speedata, a Tel Aviv-based startup developing an analytics processing unit (APU) designed to accelerate big data analytic and AI workloads, has raised a $44M Series B funding round, bringing its total capital raised to $114M. The Series B round was led by its existing investors, including Walden Catalyst Ventures, 83North, Koch Disruptive Technologies, Pitango First, and Viola Ventures, as well as strategic investors, including Lip-Bu Tan, CEO of Intel and Managing Partner at Walden Catalyst Ventures, and Eyal Waldman, Co-Founder and former CEO of Mellanox Technologies. The APU architecture focuses on addressing the specific bottlenecks of analytics at the computing level, unlike graphics processing units (GPUs), which were initially designed for graphics and later modified for AI and data-related tasks, according to the startup. 'For decades, data analytics have relied on standard processing units, and more recently, companies like Nvidia have invested in pushing GPUs for analytics workloads,' Adi Gelvan, CEO of Speedata, said in an interview with TechCrunch. 'But these are either general-purpose processors or processors designed for other workloads, not chips built from the ground up for data analytics. Our APU is purpose-built for data processing and a single APU can replace racks of servers, delivering dramatically better performance.' Speedata was founded in 2019 by six founders, some of whom were the first researchers to develop Coarse-Grained Reconfigurable Architecture (CGRA) technology. The founders collaborated with ASIC design experts to address a fundamental problem: data analytics were being performed by general-purpose processors. If the workloads grew too complex, they could need to tap into hundreds of servers. The founders believed that they could develop a single dedicated processor to accomplish the task faster using less energy. 'We saw this as an opportunity to put our decades of research in silicon into transforming how the industry processes data,' Gelvan said. Its APU currently targets Apache Spark workloads, but its roadmap includes supporting every major data analytics platform, according to the company CEO. Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW 'We aim at becoming the standard processor for data processing—just as GPUs became the default for AI training, we want APUs to be the default for data analytics across every database and analytics platform,' Gelvan told TechCrunch. The startup says it has a number of large companies testing its APU, though it declined to name them. The official product launch is set for the Databricks' Data & AI Summit in the second week of June. Gelvan said that they will publicly showcase its APU for the first time at the event. Speedata claims a specific case where its APU completed a pharmaceutical workload in 19 minutes, which was significantly faster than the 90 hours it took when using a non-specialized processing unit, resulting in a 280x speed improvement. The startup said it has achieved several milestones since its last fundraising, including finalizing the design and manufacturing of its first APU in late 2024. 'We've moved from concept to testing on a field-programmable gate array (FPGA), and now we are proud to say we have working hardware that we are currently launching. We already have a growing pipeline of enterprise customers eagerly waiting for this technology and were ready to scale our go-to-market operations,' Gelvan, said.
New York Times
6 days ago
- Business
- New York Times
Ronaldo agrees to sell majority stake in Spanish club Real Valladolid
Former striker Ronaldo has agreed to sell his stake in Spanish club Real Valladolid but the deal has yet to be confirmed by the Spanish government's CSD authority. Ignite, a consortium headed by businessman Gabriel Solares and comprised of investors from the United States and Mexico, has agreed to buy Ronaldo's majority stake in the club, who were relegated from La Liga this season. Advertisement Solares was previously president of Mexican club Queretaro, but was among the club's board of directors who received five-year bans from Liga MX in 2022. As reported by ESPN at the time, the bans related to fan violence Queretaro's match against visiting Atlas at Estadio Corregidora, which had left 26 injured. Tel Aviv-based investment fund Ben Oldman Partners is also involved in the deal — it would receive a percentage of Ronaldo's current 88 per cent stake of Valladolid, equal to the money the fund is still owed from helping finance the Brazilian's initial takeover of the club in September 2018. Speaking to El Norte de Castilla, Solares highlighted Valladolid's 'potential for growth' alongside its existing 'resources and characteristics to establish itself as a top division club'. Solares added that he would seek to include locals from Valladolid on the new-look board, should his acquisition be completed: 'We must respect the city and give prominence to people who know the area.' Ronaldo's time in charge of Valladolid has been turbulent, with relegations from La Liga in 2021, 2023 and 2025, interspersed with promotions in 2022 and 2024. Ronaldo's sale of the club was announced on Friday by Valladolid but few details were made public. On Tuesday the club sent a letter to their fans asking for 'patience' and 'understanding' as the deal was concluded. The letter was signed by club director general Luis Garcia. Ronaldo himself has not spoken about the sale, and his staff declined to comment when contacted by The Athletic. The 48-year-old former Brazil international, who starred in La Liga for both Barcelona and Real Madrid, became the majority shareholder of Valladolid in September 2018 after purchasing a 51 per cent stake in the Spanish side. In December 2021, the former Ballon d'Or winner bought a controlling 90 per cent stake at Cruzeiro, the Brazilian second-division club where he started his career, for $70million (£62.2m). Advertisement In April 2024, Ronaldo sold his stake in Cruzeiro, who returned to Brazil's Serie A under his ownership, to the BPW Sports company, led by Pedro Lourenco — owner of the supermarket chain Supermercados BH. Valladolid have picked up just 16 points from their 37 league matches this term and were relegated from Spain's top flight with five matchdays remaining. The club finished 16 points behind second-from-bottom Las Palmas, who have also been relegated, and finished the campaign on a goal difference of -64. (Top image:)
Yahoo
7 days ago
- General
- Yahoo
Private memorial held for Israeli Embassy staffer killed in DC ambush
Sarah Milgrim, one of two Israeli Embassy staffers fatally shot last week in an apparently politically motivated ambush in Washington, D.C., was remembered Tuesday during a private funeral in the Kansas community where she grew up. Milgrim, a 26-year-old from the Kansas City suburb of Prairie Village, Kansas, was leaving a reception for young diplomats at the Capital Jewish Museum alongside 30-year-old Yaron Lischinsky on May 21 when they were shot to death. A suspect, 31-year-old Elias Rodriguez, was arrested and shouted 'Free Palestine' as he was led away. Charging documents said he later told police, 'I did it for Palestine, I did it for Gaza.' Lischinsky had bought an engagement ring before the shooting and was planning to propose to Milgrim in the coming days, those who knew the couple have said. Instead of an upcoming wedding, those close to Milgrim eulogized her at a private service Tuesday at Congregation Beth Torah in Overland Park, Kansas, the temple she attended as a child with her family. Rabbi Doug Alpert of Congregation Kol Ami in Kansas City, Missouri, gave an impassioned eulogy as scores of attendees sniffled and softly sobbed. Alpert first drew laughs as he relayed early childhood memories from her parents, Bob and Nancy Milgrim, including her love of hiding as a young child that earned her the label of 'sneaky.' They also recalled her as creative, funny and preternaturally empathetic to animals. She was a vegetarian for most of her childhood and once saved an abandoned baby bunny using her mother's oven mitts, which she promptly then returned to their kitchen drawer unwashed. But laughter soon turned to tears as Alpert noted the backlash Milgrim faced from strangers and even some acquaintances when she joined the Israeli Embassy staff and expressed her desire for a peaceful solution to end the conflict between Israelis and Palestinians. 'We would like nothing more right now than to ask Sarah, to talk to Sarah, to learn from such a beacon of light amidst a world of darkness,' Alpert said. 'We've been cheated out of that opportunity. And for the Milgrim family, cheated out of so much more.' Milgrim's boss at the embassy, Sawsan Hasson, recounted how Milgrim championed women's and LGBTQ rights and always stuck to her mission of peace and bringing people together — especially those opposed to one another on religion, politics and ideology. 'This morning, you and Yaron were meant to be in Israel, celebrating with his family,' Hasson said. 'Instead, through an unthinkable tragedy, you have brought Israel here to Kansas to meet your own loving family in your hometown. Somehow, even in your passing, you have created connection and unity.' Milgrim earned a bachelor's degree in environmental studies from the University of Kansas in 2021. She was remembered as a warm, uplifting presence at Shabbat dinners and holiday gatherings at the Chabad Center for Jewish Life on campus. After graduating, Milgrim worked at at a Tel Aviv-based organization centered on technology training and conflict dialogue for young Palestinians and Israelis, according to her LinkedIn profile. She had been trained in religious engagement and peacebuilding by the United States Institute of Peace, an organization that promotes conflict resolution and was created by the U.S. Congress. After earning a master's degree in international affairs from American University in 2023, she went to work at the Israeli Embassy, where her job involved organizing events and missions to Israel. Milgrim would have been teenager when her Kansas community was rocked by another deadly antisemitic attack in 2014. Frazier Glenn Miller Jr., an avowed anti-Semite and white supremacist, fatally shot three people at two Jewish sites in Overland Park in April of that year. At his trial, Miller openly stated that he targeted Jews for death — though none of his victims were Jewish. Miller was convicted in August 2015 and later sentenced to death. Sheila Katz, CEO of the National Council of Jewish Women, last week lauded Milgrim for her work with women's groups, LGBTQ communities and multi-faith groups and said Milgrim was studying whether friendships between Arabs and Israelis could promote peace. 'We knew something like this could happen,' she said. 'I just don't think we thought it would happen to her.'
Politico
7 days ago
- Politics
- Politico
Private memorial held for Israeli Embassy staffer killed in DC ambush
Sarah Milgrim, one of two Israeli Embassy staffers fatally shot last week in an apparently politically motivated ambush in Washington, D.C., was remembered Tuesday during a private funeral in the Kansas community where she grew up. Milgrim, a 26-year-old from the Kansas City suburb of Prairie Village, Kansas, was leaving a reception for young diplomats at the Capital Jewish Museum alongside 30-year-old Yaron Lischinsky on May 21 when they were shot to death. A suspect, 31-year-old Elias Rodriguez, was arrested and shouted 'Free Palestine' as he was led away. Charging documents said he later told police, 'I did it for Palestine, I did it for Gaza.' Lischinsky had bought an engagement ring before the shooting and was planning to propose to Milgrim in the coming days, those who knew the couple have said. Instead of an upcoming wedding, those close to Milgrim eulogized her at a private service Tuesday at Congregation Beth Torah in Overland Park, Kansas, the temple she attended as a child with her family. Rabbi Doug Alpert of Congregation Kol Ami in Kansas City, Missouri, gave an impassioned eulogy as scores of attendees sniffled and softly sobbed. Alpert first drew laughs as he relayed early childhood memories from her parents, Bob and Nancy Milgrim, including her love of hiding as a young child that earned her the label of 'sneaky.' They also recalled her as creative, funny and preternaturally empathetic to animals. She was a vegetarian for most of her childhood and once saved an abandoned baby bunny using her mother's oven mitts, which she promptly then returned to their kitchen drawer unwashed. But laughter soon turned to tears as Alpert noted the backlash Milgrim faced from strangers and even some acquaintances when she joined the Israeli Embassy staff and expressed her desire for a peaceful solution to end the conflict between Israelis and Palestinians. 'We would like nothing more right now than to ask Sarah, to talk to Sarah, to learn from such a beacon of light amidst a world of darkness,' Alpert said. 'We've been cheated out of that opportunity. And for the Milgrim family, cheated out of so much more.' Milgrim's boss at the embassy, Sawsan Hasson, recounted how Milgrim championed women's and LGBTQ rights and always stuck to her mission of peace and bringing people together — especially those opposed to one another on religion, politics and ideology. 'This morning, you and Yaron were meant to be in Israel, celebrating with his family,' Hasson said. 'Instead, through an unthinkable tragedy, you have brought Israel here to Kansas to meet your own loving family in your hometown. Somehow, even in your passing, you have created connection and unity.' Milgrim earned a bachelor's degree in environmental studies from the University of Kansas in 2021. She was remembered as a warm, uplifting presence at Shabbat dinners and holiday gatherings at the Chabad Center for Jewish Life on campus. After graduating, Milgrim worked at at a Tel Aviv-based organization centered on technology training and conflict dialogue for young Palestinians and Israelis, according to her LinkedIn profile. She had been trained in religious engagement and peacebuilding by the United States Institute of Peace, an organization that promotes conflict resolution and was created by the U.S. Congress. After earning a master's degree in international affairs from American University in 2023, she went to work at the Israeli Embassy, where her job involved organizing events and missions to Israel. Milgrim would have been teenager when her Kansas community was rocked by another deadly antisemitic attack in 2014. Frazier Glenn Miller Jr., an avowed anti-Semite and white supremacist, fatally shot three people at two Jewish sites in Overland Park in April of that year. At his trial, Miller openly stated that he targeted Jews for death — though none of his victims were Jewish. Miller was convicted in August 2015 and later sentenced to death. Sheila Katz, CEO of the National Council of Jewish Women, last week lauded Milgrim for her work with women's groups, LGBTQ communities and multi-faith groups and said Milgrim was studying whether friendships between Arabs and Israelis could promote peace. 'We knew something like this could happen,' she said. 'I just don't think we thought it would happen to her.'
Boston Globe
7 days ago
- Politics
- Boston Globe
Kansas community holds private memorial for Israeli Embassy staffer killed in Washington, D.C., ambush
Advertisement Instead of an upcoming wedding, those close to Milgrim eulogized her at a private service Tuesday at Congregation Beth Torah in Overland Park, Kan., the temple she attended as a child with her family. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up People gathered to light candles in a makeshift memorial to honor Yaron Lischinsky and Sarah Milgrim on May 22. Jose Luis Magana/Associated Press Rabbi Doug Alpert of Congregation Kol Ami in Kansas City, Mo., gave an impassioned eulogy as scores of attendees sniffled and softly sobbed. Alpert first drew laughs as he relayed early childhood memories from her parents, Bob and Nancy Milgrim, including her love of hiding as a young child that earned her the label of 'sneaky.' They also recalled her as creative, funny, and preternaturally empathetic to animals. She was a vegetarian for most of her childhood and once saved an abandoned baby bunny using her mother's oven mitts, which she promptly then returned to their kitchen drawer unwashed. Advertisement But laughter soon turned to tears as Alpert noted the backlash Milgrim faced from strangers and even some acquaintances when she joined the Israeli Embassy staff and expressed her desire for a peaceful solution to end the conflict between Israelis and Palestinians. 'We would like nothing more right now than to ask Sarah, to talk to Sarah, to learn from such a beacon of light amidst a world of darkness,' Alpert said. 'We've been cheated out of that opportunity. And for the Milgrim family, cheated out of so much more.' Milgrim's boss at the embassy, Sawsan Hasson, recounted how Milgrim championed women's and LGBTQ rights and always stuck to her mission of peace and bringing people together — especially those opposed to one another on religion, politics and ideology. 'This morning, you and Yaron were meant to be in Israel, celebrating with his family,' Hasson said. 'Instead, through an unthinkable tragedy, you have brought Israel here to Kansas to meet your own loving family in your hometown. Somehow, even in your passing, you have created connection and unity.' Milgrim earned a bachelor's degree in environmental studies from the University of Kansas in 2021. She was remembered as a warm, uplifting presence at Shabbat dinners and holiday gatherings at the Chabad Center for Jewish Life on campus. After graduating, Milgrim worked at a Tel Aviv-based organization centered on technology training and conflict dialogue for young Palestinians and Israelis, according to her LinkedIn profile. She had been trained in religious engagement and peacebuilding by the United States Institute of Peace, an organization that promotes conflict resolution and was created by Congress. After earning a master's degree in international affairs from American University in 2023, she went to work at the Israeli Embassy, where her job involved organizing events and missions to Israel. Advertisement Milgrim would have been teenager when her Kansas community was rocked by another deadly antisemitic attack in 2014. Frazier Glenn Miller Jr., an avowed anti-Semite and white supremacist, fatally shot three people at two Jewish sites in Overland Park in April of that year. At his trial, Miller openly stated that he targeted Jews for death — though none of his victims were Jewish. Miller was convicted in August 2015 and later sentenced to death. Sheila Katz, chief executive of the National Council of Jewish Women, last week lauded Milgrim for her work with women's groups, LGBTQ communities and multifaith groups and said Milgrim was studying whether friendships between Arabs and Israelis could promote peace. 'We knew something like this could happen,' she said. 'I just don't think we thought it would happen to her.'
