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Database North America Software

ClickHouse Raises $50M in Series A Funding

– ClickHouse is a New York-based provider of an online analytical processing (OLAP) database management system.
– Company raised $50m in Series A funding.
– The round was led by Index Ventures and Benchmark with participation from Yandex N.V.
– The new investment will be used to accelerate the company’s growth and expand operations.

Analytics Big Data Cloud Data Services Database Enterprise Software North America Software

SingleStore Fuels Triple-Digit Cloud Growth with $80M in New Funding

– SingleStore, the single database for all data-intensive applications, announced that it has raised $80m in its Series F round.
– The round was led by Insight Partners with participation from new investor Hewlett Packard Enterprise.
– Existing investors Khosla Ventures, Dell Technologies Capital, Rev IV, Glynn Capital, and Google Ventures also participated.
– SingleStore indicated that the 300%+ increase in new customer acquisition for its cloud service and 150%+ year-over-year growth in cloud revenue led to raising a new round to continue to power innovation and growth.
– The Series F round brings SingleStore’s total funding to $264m.

Artificial Intelligence Big Data Database Delivery Service Enterprise Hardware Internet of Things North America Software

RxAll grabs $3.15M to scale its drug checking and counterfeiting tech across Africa

– RxAll, a startup using deep technology to provide quality medication to patients, raised $3.15m in funding.
Launch Africa led the round with participation from SOSV’s HAX and Keisuke Honda.
– The company plans to scale across existing markets and improve its technology.

Analytics Big Data Computer Database North America Software

Lucata raises $11.9M to accelerate graph analytics with specialized hardware

– Graph analytics startup Lucata announced that it raised $11.9 million in series B funding, bringing its total raised to nearly $30 million.
Notre Dame, Middleburg Capital Development, Blu Ventures, Hunt Holdings, Maulick Capital, Varian Capital, Samsung Ventures, and Irish Angels participated in the round, which CEO Michael Mallick says will be put toward commercializing the company’s computing architecture for graph analytics and AI use cases.

Database Information Technology North America Software

PlanetScale Announces $30M Series B Funding to Accelerate Adoption of Instantly Provisioned and Infinitely Scalable Database

– PlanetScale, the creator of Vitess, announced that it has secured $30 million in Series B funding led by Insight Partners with participation from a16z and SignalFire.
– Nikhil Sachdev, Managing Director at Insight Partners, joins the PlanetScale board, with Praveen Akkiraju, also Managing Director, being named a board observer.
– The new funds will be used to scale the PlanetScale team globally and to accelerate exposure and adoption of the platform, which lets developers create a new database in seconds that will grow as they grow, for years, with no limitations on scalability.
– Currently in use by Figma and, PlanetScale had until recently provided a hosted version of Vitess, the peerlessly-powerful open source database that underlies YouTube, Slack, Square and Airbnb.

Analytics Big Data Database Enterprise Software North America

Graph database platform Neo4j raises $325M to inform decision-making

– Graph platform Neo4j announced that it raised $325m at an over $2bn valuation in a series F round led by Eurazeo, with additional investment from GV.
– The capital, which brings the company’s total raised to date to over $500m, will be put toward expanding Neo4j’s platform, workforce, and customer base, the company says.
– Markets and Markets anticipates the graph database market will reach $2.4bn by 2023 from $821.8m in 2018. And analysts at Gartner expect that enterprise graph processing and graph databases will grow 100% annually through 2022, facilitating decision-making in 30% of organizations by 2023.
– Graph databases and graph-oriented databases leverage graph structures for semantic queries, with nodes, edges, and properties that store and represent data.

Analytics Artificial Intelligence Big Data Cloud Computing Database Internet of Things Machine Learning North America Open Source Software raises $10M to grow its database platform

–, a startup developing a database platform called CrateDB, announced that it raised $10 million in additional funding (including $2 million in debt) from Draper Esprit, Vito Ventures, and individual investors.
– CEO Eva Schönleitner says that the proceeds, which bring the company’s total raised to $31 million, will be put toward expanding’s sales teams, the CrateDB ecosystem’s functionality and partner integrations, and the open source developer community around CrateDB.

Aerospace Database North America

LeoLabs Closes $65M Funding

– LeoLabs from Menlo Park, CA provides low Earth orbit (LEO) mapping and Space Situational Awareness (SSA) services.
– The company raised $65M in funding from Insight Partners and existing investor Velvet Sea Ventures.
– The new investment will be aimed at accelerating the company’s SaaS Platform and global radar network.

Analytics Big Data Business Intelligence Data Mining Database Enterprise SaaS Software Western Europe

Celonis Raises $1 Billion Series D Funding; Valued at More Than $11 Billion

– Celonis from Munich and New York City develops an Execution Management System (EMS) which provides a set of applications, and developer studio and platform capabilities for business executives and users to eliminate billions in corporate inefficiencies.
– The company closed a $1b Series D funding round led by new investors Durable Capital Partners LP and T. Rowe Price Associates with participation from Franklin Templeton, Splunk Ventures and a group of principal investors.
– The new investment increased the post-money valuation to more than $11b.

Big Data Data Integration Database Information Technology Software Southeast Asia

Data collaboration platform Atlan nabs $16.5M

– Data collaboration startup Atlan announced it has secured $16.5 million in a funding round led by Insight Ventures.
– The company says the capital, which brings its total raised to date to over $21 million, will fund platform development and expansion over the coming months.
– DataOps enabled through data collaboration, or the analysis of multiple datasets to gain insights, can add enormous value to a business.
– Forty-five percent of companies run at least some big data workloads in the cloud, according to ZDNet.
– And the worldwide big data market is projected to grow to $103 billion in 2027, Forbes reports, by which time 90% of IT professionals will have increased their spending on analytics tools.

Analytics Cloud Data Services Collaboration Database North America SaaS

Data prep and management platform Data.World raises $11M

– Cloud-based data catalog startup Data.World closed a $11.05 million growth round led by Dutch chemical company Vopak, a customer.
– The company says the funds will be used to support expansion, product development, and hiring, as well as new customer acquisition.
– Data scientists spend the bulk of their time cleaning and organizing data, according to a 2016 survey conducted by CrowdFlower.
– In a recent Alation report, a majority of respondents (87%) pegged data quality issues as the reason their organizations failed to implement AI.
– That’s perhaps why firms like Markets and Markets anticipate that the data prep industry, which includes companies that offer data cataloging and curation tools, will be worth upwards of $3.9 billion by the end of 2021.

Cloud Computing Cloud Data Services Cloud Storage Database Information Technology North America

Wasabi Raises $112M in Series C Financing

– Wasabi, a Boston, MA-based hot cloud storage company, raised $112M in Series C funding.
– The round was led by Fidelity Management & Research Company with participation from existing investors.
– The new funding will be used to expand the company’s network of resellers, technology alliance partners, and distributors, open data centers in many new international markets, to grow its internal team across all fronts including development, sales, support, marketing, administration and operations, to make further investments in building its brand internationally and providing additional marketing support for its channel partners.

Big Data Database Enterprise Software Market Research SaaS Southeast Asia

Indonesian consumer research startup Populix gets $1.2M in pre-Series A funding

– Populix, a consumer research company, raised $1.2m in pre-Series A funding.
– The round was led by Intudo Ventures and joined by Quest Ventures.
– The company has now raised a total of $2.3m since it was founded in January 2018.

Analytics Big Data Data Integration Database North America

Upsolver Raises $25M in Series B Funding

– Upsolver from Sunnyvale, CA, raised $25m in Series B funding.
– The round was led by Scale Venture Partners and involved participation from JVP, Vertex Ventures US, and Wing Venture Capital.
– The new investment will be used to build the company’s team, scale its go-to-market engine, and drive technical innovation.

Analytics Big Data Cloud Data Services Database Enterprise Software Information Technology North America Software

Redis Labs Raises $110 Million Led by Tiger Global Management

– Redis Labs today announced it has closed $110 million in financing led by a new investor, Tiger Global, which brings the company’s valuation to more than $2 billion.
– The company’s Series G round also includes participation from another new investor, SoftBank Vision Fund 2, and existing Redis Labs investor TCV.
– Tiger, SoftBank, and TCV acquired additional ownership as part of a $200 million secondary transaction.
– Founded in 2011 by Ofer Bengal (CEO) and Yiftach Shoolman (CTO), Redis Labs has now raised a net amount of $347 million and will continue to invest in expanding the company’s global footprint, advancing its market-leading real-time data platform, and delivering world-class customer support.

Database Financial Services FinTech North America Sustainability

Ethic Closes $29M Series B Round to Power Personalization for Wealth Advisors

– Ethic Inc. (“Ethic”), the tech-driven asset management platform that powers personalization for advisors, today announced that it has closed $29 million in Series B funding.
– The round was led by Oak HC/FT, with participation from existing investors including Fidelity Investments, Nyca Partners, Sound Ventures, ThirdStream Partners, Urban Innovation Fund and Kapor Capital.
– This new capital will support Ethic’s continued rapid growth, in addition to further investment in the company’s technology platform.
– The funding follows a strong period of growth for Ethic, which saw the company increase the number of assets on its platform by over 10x since its prior round of funding in 2019.

Database FinTech Information Technology IT Infrastructure North America

CIBC Innovation Banking Provides MayStreet with $10 Million in Growth Financing

CIBC Innovation Banking is pleased to announce a $10m credit facility for New York-based MayStreet Inc. (“MayStreet”), an industry-leading market data technology and content provider.
– The credit facility is available to help the rapidly growing fintech firm further scale its business.
– MayStreet offers market data technology that delivers high-quality global market data to enable data-driven decision-making.
– Combining ultra-low latency software with consolidated, top-of-book and full depth-of-book data, MayStreet empowers its clients – including the sell side, buy side, vendors, regulators and academics – to gain deeper insights to drive investing, trading, execution analytics and compliance.
– MayStreet’s existing equity investors include Credit Suisse Asset Management’s NEXT Investors.

B2B Cloud Computing Cloud Data Services Cloud Infrastructure Database Europe Software

Aiven Raises $100M in Series C Funding

– Aiven from Helsinki develops open source technologies with cloud infrastructure.
– Company raised $100m in Series C funding.
– The round was led by Atomico and attracted new investors Salesforce Ventures and World Innovation Lab as well as existing investors Earlybird Venture Capital and IVP.
– The new investment will be aimed at doubling the company’s headcount over the next year, bringing new products to market, developing open source technologies and continuing to expand internationally.

Collaboration Database Developer Tools North America SaaS

Airtable is now valued at $5.77B with a fresh $270 million in Series E funding

– Airtable, a no-code relational database, raised $270m funding.
– The round was led by Greenoaks Capital and joined by WndrCo, as well as existing investors Caffeinated Capital, CRV and Thrive.
– The company plans to use the funding to accelerate the development of its enterprise product and growing the team.
– The company was approached by Greenoaks, rather than actively seeking funding.

Big Data Database Europe Information Services Information Technology

How TerminusDB is commercializing its open source graph database

– TerminusDB has raised €3.6m in a seed round of funding to build what it calls a “knowledge collaboration infrastructure” for the internet, combining an open source graph database and document store with a commercial, cloud-based collaboration hub built for TerminusDB.
– As the company’s commercial and operations lead Luke Feeney put it, the relationship between TerminusDB and TerminusHub is analogous to that of Git and GitHub. “One is the basic tool, the other is the collaboration hub,” he told VentureBeat.
– TerminusDB is also a founding member of the recently announced AI Infrastructure Alliance, which is focused on promoting open standards and interoperability for AI and ML applications in the enterprise.

Cloud Infrastructure Database Enterprise Software Internet of Things North America Open Source

Yugabyte Raises $48M in Funding

– Yugabyte is a Sunnyvale, Calif.-based leader in open source distributed SQL databases.
– The company raised $48m in funding.
– The round was led by Lightspeed Venture Partners with additional participation by Greenspring Associates, Dell Technologies Capital, Wipro Ventures and 8VC.
– The new investment will be used to expand R&D, sales and customer functions in the EMEA and APAC markets and further accelerate enterprise adoption of its commercial products.

Cloud Data Services Database Information Technology North America Outsourcing

Hydrolix snares $10M seed to lower the cost of processing log data at scale

– Hydrolix, a startup that helps companies process data from logs, traces and metrics, announced a $10m seed round.
– The round was led by Wing Venture Capital with help from AV8 Ventures, Oregon Venture Fund and Silicon Valley Data Capital.
– The company plans to use the funding to expand its engineering team and build out its product.

Cloud Computing Cloud Storage Data Storage Database Enterprise Software Europe Software

StorageOS Raises $10M in Series B Funding

– StorageOS from London develops a cloud native storage management platform to strengthen the cloud native storage industry.
– Series B $10m round brings company valuation to more than $50m.
– The round was led by Downing Ventures with participation from Bain Capital Ventures, Uncorrelated Ventures and MMC Ventures and new investor Chestnut Street Ventures.
– The new investment will be aimed at scaling the company’s sales and customer facing technology teams.

Analytics Data Visualization Database Enterprise Software Machine Learning North America

TigerGraph raises $105 million to grow its big data analytics platform

– TigerGraph has raised $105m in series C funding.
– The company says it’ll put the proceeds toward product R&D, including the forthcoming TigerGraph Cloud on Google Cloud Platform, as well as expanded multiregional support on Amazon Web Services and Azure.
– TigerGraph also plans to grow its reach with local support in Asia, Australia, and New Zealand as it scales up with additional hiring in the Americas, Europe, the Middle East and Africa, and Asia-Pacific.
– TigerGraph’s pay-as-you-go cloud service aims to simplify graph management with a preconfigured app-generating tool.
– The company offers a dozen starter kits addressing use cases like fraud detection, personalized real-time recommendation, computation, explainable AI, machine learning, and supply chain analysis.

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