“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. ArangoDB, the most scalable open source graph database, today announced a 27.8 million Series B financing round led by Iris Capital, with participation from existing investors Bow Capital and Target Partners, alongside New Forge. NoSQL Databases Market Share of ArangoDB Current Customer The number of companies that currently use ArangoDB 441 Market Share TIndicates the percentage of market accounted for by this technology in the NoSQL Databases category. Its latest cash injection ushered in a handful of new and old investors, including Bow Capital, Target Partners, and New Forge. ArangoDB ArangoDB is a scalable open-source multi-model database natively supporting graph, document and search. 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.
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. Above: ArangoDB dashboard view Graph database landscape
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