CTAccel Receives Series A Funding Led by Intel Capital

Hong Kong, November 28, 2018 – CTAccel Limited, a leading company in FPGA-based acceleration technology and solutions, today announced it has received investment in a Series A funding round led by Intel Capital with participation from Ironfire Ventures.

CTAccel will use the investment proceeds to broaden its product portfolio for better and more effective image processing and image analytics solutions development, and to strengthen the company's global market penetration in North America, Europe and Asia Pacific.

Since 2013, CTAccel's FPGA experts have been involved in the development of heterogeneous computing solutions for datacenters. The company's products redefine image processing in datacenters by using patented technology that enables end-to-end solutions that improve performance and energy efficiency by an order of magnitude.

CTAccel solutions are deployed in a wide spectrum of market segments including online-to-offline ("O2O") services, smartphone cloud applications, cloud storage and online video sites. The company's FPGA-based accelerator brings high-throughput, low-latency image processing that delivers proven performance improvements while simultaneously reducing costs for customers.

"Our existing and in-development product offerings have positioned CTAccel to be a market leader in FPGA-accelerated solutions," said Dr. Harry Yu, founder and CEO of CTAccel. "This investment, led by Intel Capital, will speed up our new product development and extend our solutions across FPGA-accelerated datacenter computation while supporting our global expansion."

Anthony Lin, Vice President and Managing Director of Intel Capital International, said: "Our investment in CTAccel supports Intel's strategy to accelerate the development of the rapidly growing data economy. We look forward to continuing to work with CTAccel to increase the adoption of FPGA-based datacenter solutions in China and global markets."

The Series A funding round extends the relationship between CTAccel and Intel and aims to leverage the extensive experience of CTAccel in hardware-software co-design, heterogeneous computing and software engineering to deliver high-performance, high-value solutions to customers.