#Nosql arangodb 27.8m series series
“Our series B funding will allow us to accelerate our mission to make it even easier to generate real value from data, as well as enter new markets. “ArangoDB’s goal from day one is to make it extremely easy to handle data of any kind,” Weinberger said. With another $27.8 million in the bank, the company said it can accelerate development of its scalable graph analytics and machine learning capabilities while bolstering its headcount across engineering, marketing, product management, sales, and more.
Its latest cash injection ushered in a handful of new and old investors, including Bow Capital, Target Partners, and New Forge. The round was led by Iris Capital, with participation from existing investors Bow Capital and Target Partners. Memgraph this week announced it has raised $9.34 million in a seed funding round led by Microsoft’s M12, and open source newcomer TerminusDB recently closed a $4.3 million seed round to reach commercialization.ĪrangoDB, for its part, had previously raised $19.2 million, including its $10 million series A round from two years ago. ArangoDB, a San Francisco and Cologne, Germany-based most scalable open-source graph database, raised 27.8 million in a Series B round brings ArangoDB’s total financing to 47 million. NoSQL databases emerged in the late 2000s as the cost of storage dramatically decreased. Either way, most agree that NoSQL databases are databases that store data in a format other than relational tables.
There has been a flurry of activity across the graph database space of late, with TigerGraph and Neoj4 this year raising $105 million and $325 million, respectively. Some say the term NoSQL stands for non SQL while others say it stands for not only SQL. Above: ArangoDB dashboard view Graph database landscape
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