MemVerge Named a Gold Stevie Award Winner in the 2020 American Business Awards
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emVerge, the inventor of Memory Machine software, announced the company was named a Gold Stevie Award winner in the Technical Innovation of the Year category for organizations with up to 100 employees in the 18th Annual American Business Awards.
The American Business Awards are the U.S.A.'s premier business awards program.
MemVerge is the pioneer of Big Memory Computing, a new technology category sparking a data center revolution that will allow all applications to run in memory. Big Memory Computing is the combination of DRAM, persistent memory and MemVerge Memory Machine software technologies, where the memory is abundant, persistent and highly available. MemVerge's vision is that future data center workloads will become more memory-intensive, transforming the way data centers are architected and how applications are developed and deployed in the future. MemVerge's Memory Machine software allows enterprises to handle data surges within memory, with a roadmap to achieve petabyte scale at nanosecond-speed. The technology is currently available to select customers as part of MemVerge's Early Access Program.
The need for Big Memory Computing is more apparent than ever with data-centric applications such as AI, machine learning and real-time financial data analytics requiring organizations to rethink infrastructure, said Charles Fan, CEO of MemVerge. We were founded on the vision that every application should live in memory, and our Memory Machine software solution is bringing us closer to empowering organizations to achieve this goal. We're honored that the American Business Awards recognize this game-changing innovation.
MemVerge recently announced $19 million in funding from new investors including lead investor Intel Capital as well as Cisco Investments, NetApp and SK hynix, with additional participation from existing investors Gaorong Capital, Glory Ventures, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners and Northern Light Venture Capital.
Details about The American Business Awards and the list of 2020 Stevie winners are available at www.StevieAwards.com/ABA.
✔️ MemVerge Named a Gold Stevie Award Winner in the 2020 American Business Awards
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