Expanso Secures $7.5M Seed Funding to Develop Bacalhau for Distributed Data Processing
The startup's open-source software aims to revolutionize big data processing by operating locally, reducing costs and enhancing security.
- Expanso, a Seattle-based startup, has raised $7.5 million in seed funding led by General Catalyst and Hetz Ventures to develop its open-source software, Bacalhau, which aims to revolutionize distributed big data processing.
- Bacalhau operates on the principle of 'Compute Over Data', processing data locally rather than transferring it to the cloud, thereby reducing costs, increasing speed, and enhancing security.
- The software allows users to streamline their existing workflows without extensive rewriting by running Docker containers and WebAssembly (WASM) images as tasks, and can operate on-premises or within any cloud.
- Since launching its free demo network six months ago, Bacalhau has handled over 1.5 million jobs for partners such as the University of Maryland and BOINC.
- Expanso plans to use the funding to accelerate the development of Bacalhau and expand its user base.