Tech Transfer eNews Blog

KAUST start-up aims to bring supercomputing power to companies of all sizes


By Jesse Schwartz
Published: October 16th, 2019

A start-up from King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has landed a $2 million investment to support its groundbreaking cloud-based supercomputing technology.

UnitX aims to democratize supercomputing and help companies of all sizes leverage technologies like high-performance data analytics to make data-driven decisions, reduce spending on information technology, and become globally competitive.

Current supercomputers can make trillions of calculations per second and efficiently analyze data in excess of 2 terabytes at much higher speeds compared to public clouds. These computers can cost tens of millions of dollars to own and operate, but UnitX partners with institutions that have spare supercomputing capacity to make the technology available in an easy-to-use cloud model to its clients in typically underserved industry verticals.

“UnitX is bridging a new frontier in advancing big compute power and making it more accessible to sectors that have previously been unable to access the benefits of supercomputing,” says Tamer Osman, head of the KAUST Innovation Fund, which contributed to the $2 million investment along with Saudi Aramco’s Wa’ed Ventures Fund.

“At KAUST, we are actively investing in start-ups and technology that are shaping industry 4.0, and UnitX is a deep tech start-up at the forefront of this revolution,” adds Osman.

Salman T. Jaffrey, chief investment officer at Wa’ed Ventures, comments, “We are thrilled to have led this investment with KAUST, which is a testament to our fund’s inimitable approach on fueling the growth of Kingdom-based start-ups and shared vision of advancing the Saudi venture ecosystem.”

Source: Arab News

Posted under: Tech Transfer e-News

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