VEsoft receives $8 million in latest funding round to expand the Nebula Graph database
VEsoft Inc., the developer of the Nebula Graph database, has raised $8 million in a series pre-A funding round, enabling the company to perform additional product management and expand its footprint.
The lead investor is Redpoint China Ventures. Matrix Partners China, who previously contributed as an angel investor, also contributed to this series pre-A round.
Nebula Graph will soon be offered as a cloud service. The graph database was developed to disrupt the big data market by providing an ability to meet the biggest data information discovery needs of the world’s largest organizations.
At launch, Nebula Graph will empower users to store and process billions of data points with trillions of relational connections.
“There are many business and societal possibilities behind big data that remain untapped, trapped behind limitations of existing database capabilities,” said Sherman Ye, CEO and founder of VEsoft, Inc. “The idea behind Nebula Graph is to unleash that hidden intelligence and we’re excited that Redpoint Ventures and Matrix Partners are aligned with us to do so.”
Funding for graph databases like Nebula Graph has been strong. In the last two years alone, more than $130 million has been pumped into four competing graph databases.
Graph databases are different from RDBMS databases because they store deep relationship characteristics about data within data itself.
A graph database is capable of efficiently managing millions of transactions or more to uncover how data sets relate to each other.
For more information about this news, visit https://nebula-graph.io/.