1. Aerospike raises $109 million in Series E round led by Sumeru Equity Partners, with Alsop Louie Partners participating.
2. Aerospike started in 2009 as a key-value store focused on adtech, now offers NoSQL database optimized for real-time use cases with document support, graph, and vector capabilities for AI and ML applications.
3. With funding, Aerospike plans to accelerate AI innovations, leveraging graph and vector capabilities to capitalize on the AI boom, expand customer base including Airtel, TransUnion, Snap, and Yahoo.
Aerospike, a NoSQL database company, has recently announced that it has raised a $109 million Series E round led by Sumeru Equity Partners, with Alsop Louie Partners also participating. Originally founded in 2009 as a key-value store focused on the adtech industry, Aerospike has expanded its offerings to include a NoSQL database optimized for real-time use cases at scale. Over the years, the company has added document support, graph, and vector capabilities to cater to the needs of building real-time AI and ML applications.
Aerospike CEO Subbu Iyer emphasized the company’s focus on delivering real-time performance with data at any scale and at the lowest total cost of ownership. With a hybrid memory architecture that combines RAM and fast flash storage, Aerospike is able to accelerate data access, offering its services as a hosted platform and on-premises. Notable customers of Aerospike include Airtel, TransUnion, Snap, and TechCrunch parent company Yahoo.
The company’s recent funding round will be used to further advance its innovations around AI, particularly focusing on its graph and vector capabilities. By combining these two capabilities, Aerospike aims to improve the efficiency of tasks like document searching and finding similar corpus of documents through relationships and connections. Investors are particularly interested in the company’s potential to capitalize on the growing AI market and become a foundational element for the next generation of real-time AI applications. George Kadifa, co-founder and managing director of Sumeru Equity Partners, recognizes the transformative impact of AI on the economy and sees Aerospike as uniquely positioned to drive growth and innovation in this space.