Over time, graph technologies have continued to become increasingly important and adopted by businesses of all sizes to extract value from data, despite most pure graph databases not being able to scale to support large volumes of data from various sources. Since its founding, ArangoDB has natively supported graph in combination with additional data formats, including JSON documents, key-value, and full-text search.
Nosql arangodb 27.8m capitalsawersventurebeat 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.” Graph and beyond enable everyone to combine graphs, structured, unstructured, and more kinds of data in one solution, at enterprise-scale with advanced graph analytics. “ArangoDB’s goal from day one is to make it extremely easy to handle data of any kind. Enterprises worldwide are looking for easy ways to improve business insights, use new analytics methods, and advance their AI usages,” said Claudius Weinberger, CEO and co-founder of ArangoDB.
“The key challenge of the 21st century is to get real value out of data. ArangoDB also recently strengthened its management team, appointing Frank Swain as Chief Revenue Officer and promoting Jörg Schad to Chief Technology Officer. New roles are open across engineering, marketing, product management, sales, and recruiting, most of which are fully-remote. The new funding will allow the company to accelerate its continued development of advanced analytics – in particular scalable graph analytics – and machine learning capabilities. This Series B investment brings ArangoDB’s total financing to $47 million since its foundation.ĪrangoDB continues to gain traction for its ‘graph and beyond’ database: the ability to natively store data for graph, document, and search needs.
Curt Gunsenheimer, Managing Partner at Iris Capital, and New Forge’s Mirko Novakovic, co-founder and former CEO of Instana, join ArangoDB’s board of directors. San Francisco and Cologne, Germany – Octo– 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.
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