Accenture announced an investment in Voltron Data, a software firm. This investment, made through Accenture Ventures, and will support Voltron Data in its efforts to help organizations use advanced computing technology to speed up large-scale analytics, used for generative AI and machine learning applications.
Founded in 2021 and headquartered in Mountain View, California, Voltron Data’s core solution—Theseus —is a SQL query engine enabling enterprises to process petabyte-scale data faster and at a lower cost than traditional CPU-based systems.
David Wood, Accenture’s Technology Consulting lead, said, “Companies across all industries are increasingly using massive datasets to solve complex problems that are beyond the capabilities of traditional infrastructure. Combining Accenture’s expertise in accelerated and high-performance computing with Voltron Data’s large-scale data processing platform, companies can better realize the full potential of their data assets and unlock new kinds of business value.”
“Banks are sitting on an enormous amount of trapped data with the potential to fuel the next generation of AI-powered products and services,” said Michael Abbott, Accenture’s Banking & Capital Markets industry group lead. “Through its Theseus software, Voltron Data can enable banks and others to unlock their data and then quickly move, scale, and analyze it in a way that is both cost-effective and sustainable. It’s like transforming a one lane road into a multi-lane highway.”
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