MangoBoost Raises $55 Million in Funding

MangoBoost is a data processing units developer that helps enterprises and data centers manage massive amounts of data, optimizing workloads and improving cost efficiency. Their versatile DPUs can be used in data centers, cloud computing, and edge computing, making them a valuable asset for any business looking to enhance their data processing capabilities.  MangoBoost has a team of highly skilled engineers and data scientists that constantly work towards improving their DPUs and developing new solutions to meet the ever-evolving needs of the data-driven industry.

MangoBoost has raised $55 million in a Series A funding round. Venture capital firms IMM Investment and Shinhan Venture Investment co-led the round. Korea Development Bank, KB Investment, Hong Kong-based IM Capital, and Premier Partners also participated in the latest round. The fresh funding will be used to enhance product development, expand the workforce, and meet the growing demand for DPU solutions. In total, MangoBoost has raised $65 million till that moment.

MangoBoost, Bellevue, Washington, United States, was founded in 2022 by Dongup Kwon, Eriko Nurvitadhi, Jangwoo Kim, and Jun-ki Park. MangoBoost’s CEO, Jangwoo Kim, noted the company’s commitment to efficiency, emphasizing that their DPU technology is the result of over nine years of extensive research and development, conducted in collaboration with the Seoul National University laboratory.

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