MangoBoost has raised $55 million in the recent Series A funding round. The investment was co-led by IMM Investment and Shinhan Venture Investment, with participation from Korea Development Bank, KB Investment, Hong Kong-based IM Capital, and Premier Partners.
MangoBoost provides Data Processing Units (DPU) which helps optimizing the data centers. As the technology is growing their is more and more usage of CPUs and GPUs and thus data centers need to offload the workload to work in a proper and efficient way. These data processing units help in solving this problem by handling large scale data processing needs and thus making the server fast and highly scalable.
The company’s Co-Founder & CEO is Jangwoo Kim, and it is headquartered in Seattle, Washington, United States, and Seoul, South Korea.