News on Medial

Aerospike raises $100M for its real-time database platform to capitalize on the AI boom

TechCrunch · 1y

Aerospike, a NoSQL database provider, has raised $100 million in a Series E funding round led by Sumeru Equity Partners, with participation from existing investor Alsop Louie Partners. Since its founding in 2009, Aerospike has expanded its offerings from a key-value store to a NoSQL database optimized for real-time use cases. With the recent addition of document support, graph capabilities, and vector capabilities, Aerospike aims to meet the demands of real-time AI and ML applications. The funding will be used to further develop Aerospike's AI-focused innovations, particularly in combining graph and vector capabilities.