HEAVY.AI, Inc.
Classification
Private
About
About
HEAVY.AI, Inc. is a data analytics and visualization platform provider specializing in accelerated analytics for large-scale datasets. Founded in 2013 as MapD Technologies, Inc., the company rebranded to OmniSci in 2018 and then to HEAVY.AI in 2022 to reflect its expanded focus on AI-driven analytics. Headquartered in San Francisco, California, HEAVY.AI was co-founded by Todd Mostak and Thomas Graham. The company's platform leverages GPU-accelerated computing to enable real-time querying, visualization, and machine learning on massive datasets, serving industries such as telecommunications, finance, and government. HEAVY.AI aims to empower organizations to derive actionable insights from complex data at unprecedented speeds. Business/Product Breakdown HEAVY.AI's core product is the HEAVY.AI platform, a GPU-accelerated analytics solution designed to process and visualize billions of data points in milliseconds. The platform comprises several integrated components: HeavyDB, an open-source SQL database optimized for GPU performance; Heavy Immerse, an interactive visualization tool for real-time data exploration; and Heavy Connect, which facilitates seamless data integration from various sources. Unlike traditional CPU-based analytics tools, HEAVY.AI's use of GPUs enables rapid querying and rendering, making it suitable for applications like geospatial analysis, time-series analytics, and machine learning. The platform supports industries requiring high-performance data processing, including telecommunications for network optimization, finance for fraud detection, and government for situational awareness. HEAVY.AI offers both cloud-based and on-premises deployment options, with a focus on scalability and interoperability with existing data ecosystems. The company also provides professional services to assist clients in implementation and optimization.
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
Keywords
Keywords
Classified
Private