Boeing [BA] on Wednesday said its venture arm HorizonX has made an investment in Agylstor, Inc., which is developing ruggedized, secure computer storage systems that are portable, provide high-performance computing and have high-data transfer speeds.
California-based Agylstor’s technology is for industrial, aerospace and commercial uses.
Boeing doesn’t disclose the value of HorizonX’ investments, which range between the low single millions of dollars to the low double-digit millions of dollars. This is HorizonX’ first investment in computational storage technology.
A spokeswoman for Boeing told Defense Daily that “As Boeing’s platforms collect and utilize more data from sensors for analysis, proactive maintenance and improved performance, Agylstor provides a high-performance computing platform that effectively and securely stores, processes and transports these vast amounts of data.”
Agylstor said the investment will allow it to add staff and expand its research and development facilities, and scale its technology for a future product release.
HorizonX led the Series A round of investment, which also included other private investors. Agylstor, which was founded in 2016, has previously received funding from other partners, including Amazon’s [AMZN] web services business.
“Agylstor’s portable peta-scale data storage and processing capability will open up exciting possibilities with new edge-compute applications,” Brian Schettler, managing director of HorizonX Ventures, said in a statement.