EMC will also be a strategic partner for distributing HyperRoll’s products. HyperRoll developed an engine for accelerating database calculations.
Israeli start-up HyperRoll has completed a $5 million financing round. Both Giza and EMC invested $2 million, while previous investors in the company added another $1.5 million. EMC, the world’s leading provider of data storage solutions, will also be a strategic partner in distributing HyperRoll’s products.
HyperRoll was founded in January 1999 and incorporated in the US in 2000. CEO Yossi Caspi, CTO Reuven Bakalash, VP sales and marketing Gabby Rubin, director of R&D Guy Shaked, and Amir Eskin founded the company as a joint venture of software company SoftCubes and AplicaTek.
HyperRoll developed an engine for high-speed data calculations, which it claims can reduce calculation times to a fraction of the time currently required. The company previously raised $2.6 million from Denali Ventures LLC, eXseed Technology Investments, Microdent (Eitan Wertheimer's investment company), and private investors. The company has 25 employees in its development center in Omer and its main offices in Santa Clara, Calif.
Published by Israel's Business Arena on October 17, 2001