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Streaming Data Processing Platform Risingwave Lands $36M To Launch A Cloud Service

Oct 18, 2022•about 3 years ago

Amount Raised

$36 Million

San FranciscoEmailSoftware

Description

RisingWave Labs, a company developing a platform for data stream processing, today announced that it raised $36 million in a Series A funding round led by Yunqi Partners, undisclosed corporate investors and angel investors. Bringing RisingWave’s total raised to over $40 million, the capital will be put toward scaling the startup’s business-side operations to support the launch of a new cloud service, RisingWave Cloud, next year, CEO Yingjun Wu said.

Company Information

Company

RisingWave Labs

Location

San Francisco, California, United States

About

RisingWave Labs is an early-stage start-up that innovates next-generation database systems. The company develops RisingWave, a cloud-native SQL streaming database for modern real-time applications. RisingWave is a cloud-native streaming database that uses SQL as the interface language. It is designed to reduce the complexity and cost of building real-time applications. RisingWave consumes streaming data, performs continuous queries, and updates results dynamically. As a database system, RisingWave maintains results inside its own storage and allows users to access data efficiently. Singularity Data was founded in early 2021 by a team of experienced database researchers and practitioners who have previously worked for AWS Redshift, Microsoft Azure, Snowflake, LinkedIn, Uber, etc. Singularity Data has raised tens of millions of US Dollars from top-tier VC funds and angels.

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