- ARANGODB ARANGODB 27.8M SERIES FULL
- ARANGODB ARANGODB 27.8M SERIES SOFTWARE
- ARANGODB ARANGODB 27.8M SERIES SERIES
"With our latest round of financing, we plan to continue to innovate, grow our global customer base, and double-down in the U.S. But why should they have to use different databases for that important advantage? We created ArangoDB to give developers freedom when building their applications - if they want to adapt or extend their data access patterns, they can do so by simply changing a query instead of their entire infrastructure," said Claudius Weinberger, CEO and co-founder of ArangoDB. "Developers should use the right data model for the right job. This not only reduces development complexity by eliminating data duplication and consistency challenges, but also accelerates time-to-market as development teams only have one database to learn, administer and maintain. By uniting graph, document, and key/value data models in a single core with the same query language, ArangoDB gives developers flexibility when building their applications.
ARANGODB ARANGODB 27.8M SERIES FULL
However, maximizing the full value of this data often requires multiple data models, each of which typically requires a separate database - known as polyglot persistence. With the rise and evolution of NoSQL databases, developers have more flexibility than ever before when it comes to what they can do with their data.
ARANGODB ARANGODB 27.8M SERIES SOFTWARE
The main software and product development will continue to be driven from Cologne, Germany. The company will continue to build-up community support, marketing, human resources as well as sales in Silicon Valley.
ARANGODB ARANGODB 27.8M SERIES SERIES
ArangoDB's Series A investment will allow it to accelerate product development and revenue growth by further expanding its engineering and sales teams to more heavily support its customers and community in the U.S. More than 500 organizations worldwide, including Airbus, Barclays, SAP Concur, and Thomson Reuters, leverage ArangoDB's multi-model database in production for flexible, streamlined application development. Existing investor Target Partners also participated in the round, bringing ArangoDB's total financing to $17 million. As part of the investment, Bow Capital Advisor Murat Sonmez, a former EVP of Global Field Operations at TIBCO and Managing Director at the World Economic Forum, joins ArangoDB's board of directors.
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to better service its fastest-growing market. “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, the leading open source native multi-model database, today announced it has raised $10 million in a Series A financing led by Bow Capital, and has moved its headquarters to the U.S. “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.
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Its latest cash injection ushered in a handful of new and old investors, including Bow Capital, Target Partners, and New Forge. 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