MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aerospike Inc., the global leader in next-generation, real-time NoSQL data solutions, today announced a $32 million Series D fundraising round. The investment was led by Triangle Peak Partners LLC. Existing investors NewView Capital Partners, Alsop Louie Partners and Eastward Capital Partners participated in the round.
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. When other legacy NoSQL databases fail to scale and break budgets, enterprises turn to Aerospike’s data platform to power 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.
Aerospike makes it far easier for companies to succeed at data-intensive digital transformation at internet-scale with cloud simplicity. According to research conducted by HPE Labs in 2019, Aerospike is uniquely architected to handle extreme-scale use cases with a fraction of the cost and complexity of traditional NoSQL 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.”
Funding will be used to expand the company’s geographic presence, develop additional data infrastructure integrations, and grow enterprise partnerships. Aerospike has been growing more than 50 percent year-over-year and has maintained a customer retention rate in excess of 95 percent for more than five years. Recently, Verizon Media selected Aerospike to consolidate and streamline its real-time, extreme-scale digital data infrastructure.
“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,” said Dain DeGroff, co-founding partner, Triangle Peak Partners, which has investments in Bugcrowd, Puppet Labs, SnapLogic and Heap.
“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,” said Tim Connor, operating partner, NewView Capital, which has investments in ScienceLogic, Forter, Segment and Plaid.
As part of this investment, Triangle Peak Partners Co-founding Partner Dain DeGroff and NewView Capital Operating Partner Tim Connor will join Aerospike’s Board of Directors.
For more information, visit Aerospike.com.
About Aerospike
Aerospike is the global leader in next-generation, real-time NoSQL data solutions for any scale. Aerospike enterprises overcome seemingly impossible data bottlenecks to compete and win with a fraction of the infrastructure complexity and cost of legacy NoSQL databases. Aerospike’s patented Hybrid Memory Architecture™ delivers an unbreakable competitive advantage by unlocking the full potential of modern hardware, delivering previously unimaginable value from vast amounts of data at the edge, to the core and in the cloud. Aerospike empowers customers to instantly fight fraud; dramatically increase shopping cart size; deploy global digital payment networks; and deliver instant, one-to-one personalization for millions of customers. Aerospike customers include Airtel, Baidu, Banca d’Italia, Nielsen, PayPal, Snap, Verizon Media and Wayfair. The company is headquartered in Mountain View, Calif., with additional locations in London; Bengaluru, India; and Or Yehuda, Israel.
For more information, please visit https://www.aerospike.com.