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Aerospike raises $100M in a Series E round led by Sumeru Equity Partners to accelerate AI innovations

Apr 04, 2024•over 1 year ago

Amount Raised

$100 Million

Round Type

series e

Mountain ViewMachine LearningArtificial IntelligenceSoftwareAnalytics

Investors

Alsop Louie PartnersSumeru Equity Partners

Description

Aerospike has raised a $100 million Series E round led by Sumeru Equity Partners, with participation from Alsop Louie Partners. The company plans to use the funding to accelerate its AI innovations, particularly in the areas of graph and vector capabilities.

Company Information

Company

Aerospike

Location

Mountain View, California, United States

About

Aerospike is the real-time database built for infinite scale, speed, and savings. Our customers are ready for what’s next with the lowest latency and the highest throughput data platform. Cloud and AI-forward, we empower leading organizations like Adobe, Airtel, Criteo, DBS Bank, Experian, PayPal, Snap, and Sony Interactive Entertainment. Headquartered in Mountain View, California, our offices are also located in London, Bangalore, and Tel Aviv.

FundzWatch™ Score

73
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech