SQream, the GPU database developer, will deepen its deal with China after elevating a $26.four million Collection B led by Alibaba Group. The spherical additionally included traders Hanaco Enterprise Capital, Sistema.vc, World Commerce Ventures, Paradiso Ventures, Glory Ventures and Silvertech Ventures.
The startup describes the funding, which brings its whole raised to just a little over $40 million, as a strategic funding from Alibaba. Earlier this yr, SQream and Alibaba Cloud introduced a brand new settlement that can give Alibaba Cloud customers entry to the GPU database beginning in October.
In an announcement to TechCrunch, Chaoqun Zhan, director of Alibaba Database Enterprise, stated “Alibaba Cloud and SQream introduced a collaboration in February and this funding deepens our relationship, and collectively we goal to supply the most effective cloud options to every kind of companies to allow their success on this digital age.”
Primarily based in Tel Aviv, SQream was based in 2010. Its SQL analytical database, referred to as SQream DB, makes use of hundreds of parallel processing cores in NVIDIA GPUs to permit massive firms to carry out huge knowledge analytics extra shortly and cheaply (SQream claims its purchasers can “analyze as much as 20 occasions extra knowledge, as much as 100 occasions quicker, at as little 10% of the associated fee”).
SQream co-founder and CEO Ami Gal instructed TechCrunch that certainly one of SQream’s most important differentiators from different GPU databases, like Kinetica and MapD, is its means to adapt to more and more huge hoards of knowledge. Kinetica and MapD use in-memory storage, so whereas they will analyze as much as about 5 terabytes of knowledge extraordinarily shortly, their scalability is restricted. However, SQream was created to deal with knowledge shops of as much as a whole lot of terabytes.
The corporate’s Collection B capital is getting used so as to add new function to SQream DB and develop its gross sales, advertising and marketing and supply groups because it focuses on the Chinese language market and different areas. Along with Alibaba Cloud, SQream’s different new clients in Asia embody Thai cell operator AIS and India’s ACL Cellular, an enterprise messaging service.
Supply hyperlink – https://techcrunch.com/2018/05/30/alibaba-group-leads-26-4m-series-b-in-gpu-database-provider-sqream/