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Open-Source Company PingCAP Announces $270 Million Series D Funding

Nov 17, 2020•almost 5 years ago

Amount Raised

$270 Million

Round Type

series d

San Mateo

Description

PingCAP, the team behind TiDB, the industry-leading distributed SQL database, announced today the closing of $270 million in Series D funding. The funding was jointly led by GGV Capital, Access Technology Ventures, Anatole Investment, Jeneration Capital, and 5Y Capital (formerly known as Morningside Venture Capital). Coatue, Bertelsmann Asia Investment Fund (BAI), FutureX Capital, Kunlun Capital, Trustbridge Partners, and existing investors Matrix Partners China and Yunqi Partners also participated in this round.

Company Information

Company

Ping Cap

Location

San Mateo, California, United States

About

Founded in 2015, PingCAP is an enterprise-grade software service provider committed to delivering an open-source, cloud-native, one-stop database solution for growth-oriented clients to focus on their businesses instead of housekeeping. PingCAP's flagship project, TiDB, is an open-source, distributed Hybrid Transactional/Analytical Processing (HTAP) database that features horizontal scalability, strong consistency, and high availability with MySQL compatibility. For more information, visit www.pingcap.com.

Company News

(1 articles)

Tue, 14 Nov 2023 08:00:00 GMT

How PingCAP transformed TiDB into a serverless DBaaS using Amazon S3 and Amazon EBS - Amazon Web Services

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