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NoSQL databaseAerospiketoday announced that it has raised a $ 109 million Series E round led by Sumeru Equity Partners . Existing investor Alsop Louie Partners also participated in this round .
In 2009 , the company started as akey - value storewith a focus on the adtech industry ; Aerospike has since diversified its offerings quite a minute . Today , its core group offering is a NoSQL database that ’s optimize for substantial - clock time utilization cases at scale leaf .
In 2022 , Aerospike added document documentation and then followed that up with graph and transmitter capabilities — two database feature that are of the essence for build literal - time AI and ML applications .
“ We were found in the main as a literal - meter datum platform that can work on with data at really high musical scale , or , as we call it , outright exfoliation , ” Aerospike CEO Subbu Iyer said . “ We ’ve been rosy enough that a passel of our customers have either started their journeying at scale leaf with us , or pop out the journeying earlier and produce into the weapons platform . So our premise has held good that real - time data and existent - time access code to data point is going to be important pretty much across every industry . Our found principles were really to turn in material - time performance with data at any scale , and the humiliated [ total monetary value of ownership ] on the grocery store . ”
In part , Aerospike , which offer its service as a host weapons platform and on - premiss , is able-bodied to cede on this hope through its hybrid store architecture that allows it to augment the utilisation of RAM to step on it up datum access with riotous instant memory — or any compounding of the two . Aerospike competitor Redis recentlyacquired Speedbto offer interchangeable capabilities — also with an eye on helping its client cut price .
Today , the company ’s customer include the the like of Airtel , TransUnion , Snap and TechCrunch parent company Yahoo .
Right now , though , it ’s definitely the AI boom that is force a lot of interest in Aerospike and the company need to be in a position to capitalise on that through this raw financing round .
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Unsurprisingly , that mean the company project to employ the newfangled funding to accelerate its innovations around AI , which are mostly centre on its graphical record and transmitter capabilities . Iyer told me that Aerospike is specifically looking at combining those two capabilities .
“ Going forrad , there are some interactive ways in which graphical record and vector can come together , ” he read . “ A simple use case I use for this , for exemplar , is if you ’re looking for a specific text file and you have embeddings and put in them in a vector database , you want to habituate a vector search to get to that specific document . But if you ’re looking for a set of similar document , a transmitter hunting can get you to the neighbourhood and then a graph can get you a like corpus of papers because of relationships and stuff . ”
That , of path , is also what get investor concerned in the company . Aerospike raised its last round of drinks in 2019 and , according to the company ’s CEO , it did n’t need to raise now , but there is a large chance for Aerospike to capitalize on , something Sumeru Colorado - founder and managing director George Kadifa also stressed .
“ AI is transforming the economy and presents Modern opportunities for growth and innovation , ” Kadifa said . “ Aerospike , with its telling customer base and performance advantage at scale , is uniquely position to become a foundational factor for the next generation of veridical - clock time AI app . ”
