SmartGateVC leads a pre-seed investment round in Grovf, a SaaS company that enhances Java Virtual Machine performance by up to 10 times using innovative FPGA technology.

Target Company Overview

We are pleased to announce our investment in Grovf, a Software as a Service (SaaS) provider that enhances the performance of Java Virtual Machine (JVM) software by up to 10 times. Grovf's innovative solution allows users to offload the computing needs of JVM-based applications to Field Programmable Gate Arrays (FPGAs), significantly reducing the number of server nodes required in cloud environments. For instance, where ten server nodes might previously be necessary, Grovf's solution enables operations to be run with just one node.

Khachik Sahakyan, the CEO and co-founder of Grovf, emphasized that the past two years were dedicated to developing a robust technological product that has been validated both in terms of technology and market demand. The company plans to utilize funds from its pre-seed round for technical hires and to engage early adopters in the U.S. market. Grovf aims to launch its Java Virtual Machine accelerator SaaS in Q1 2019, leveraging Amazon Web Services infrastructure and Xilinx Alveo boards.

Industry Overview

The software industry continues to evolve rapidly, driven by the increasing demand for more efficient computing solutions. In particular, the need for high-performance computing is critical for organizations seeking to process large dataset