Nebula Graph secures $10 Million in latest funding round

The developer of the Nebula Graph database, vesoft Inc., announced it raised an additional $10 million in venture capital funding in a series pre-A+ funding round, enabling the company to continue product development and its expansion.

Source Code Capital was the lead investor in this round. Previous investors Matrix Partners China and Red Point China Ventures also contributed to this round. The graph database solution has now landed $18 million in funding in 2020.

The previous $8 million in funding was secured in June 2020. Then, the lead investor was Redpoint China Ventures and Matrix Partners China contributed too. Matrix Partners China had also previously contributed as an angel investor.

Nebula Graph was developed to disrupt the big data market. It provides a high performing graph database specifically for the needs of the largest organizations with the largest datasets in the world.

Nebula Graph empowers data scientists, CTOs, CIOs, and others to store and process billions of data points with trillions of relational connections, according to the vendor.

“The large potential behind big data still remains untapped in many cases,” said Sherman Ye, CEO, and founder of vesoft, Inc. “It is trapped within the world’s largest datasets because available technology has been limited in performance to decipher its potential. Nebula Graph is specifically designed to unleash that hidden intelligence with high performance. We’re excited this new funding will help foster Nebula Graph’s continued strong growth.”

For more information about this news, visit https://nebula-graph.io/.