- Aerospike, a global leader in next-generation real-time NoSQL data solutions, announced it raised $32 million in a Series D round of funding
Aerospike — a global leader in next-generation real-time NoSQL data solutions — announced it has raised $32 million in a Series D round of funding led by Triangle Peak Partners LLC. And existing investors NewView Capital Partners, Alsop Louie Partners, and Eastward Capital Partners also joined the round.
What does Aerospike do? Aerospike provides a patented hardware-optimized NoSQL data platform for real-time transactional and AI/ML-based applications that require machine speed and machine scale. And when other legacy NoSQL databases fail to scale and break budgets, enterprises turn to Aerospike’s data platform for powering mission-critical real-time applications that protect millions of consumers from fraud, process instant payments globally, power massive ad networks, and enable hyper-personal customer 360 solutions.
“Companies are on a journey to convert unprecedented amounts of data into intelligence and push it from the core to the edge and gain a competitive advantage,” said John Dillon, CEO of Aerospike. “Aerospike is the critical real-time data platform in a new stack of technologies underpinning this sea change, and our footprint continues to aggressively expand within enterprises as real-time transactions and analytics become more pervasive and mainstream.”
Plus Aerospike makess it easier for companies to succeed at data-intensive digital transformation at Internet-scale with cloud simplicity. According to HPE’s research, Aerospike is uniquely architected to handle extreme-scale use cases with a fraction of the cost and complexity of traditional NoSQL solutions.
“Aerospike is part of a new generation of technologies that have moved into the mainstream to power new business processes that were previously impractical or impossible at scale,” added Dain DeGroff, co-founding partner of Triangle Peak Partners.
This round of funding will be used to expand the company’s geographic presence, develop additional data infrastructure integrations, and grow enterprise partnerships. Aerospike has grown over 50% year-over-year and it has maintained a customer retention rate in excess of 95% for more than five years. Most recently, Verizon Media selected Aerospike to consolidate and streamline its real-time extreme-scale digital data infrastructure..
“Aerospike stands apart in a NoSQL market with a laser focus on the growing need for extreme scale and speed and a multiyear lead in capturing the advantages of fully optimizing all the power of modern hardware,” explained Tim Connor, operating partner of NewView Capital.
In conjunction with this investment, DeGroff and Connor will join Aerospike’s Board of Directors.
