|[June 24, 2014]
Aerospike Raises $20 Million Series C Funding to Fuel Next Stage of Growth for Enterprise-Grade In-Memory NoSQL Database
MOUNTAIN VIEW, Calif. --(Business Wire)--
Aerospike Inc., which delivers the world's first flash-optimized
in-memory NoSQL database, today announced that it has raised $20 million
in Series C venture capital funding. New Enterprise Associates (NEA) led
the investment and was joined by Columbus Nova Technology Partners,
Alsop Louie Partners, Regis McKenna, and others.
The Series C funding comes as Aerospike continues to cement its
dominance as the database of choice in real-time bidding (RTB) and sees
a surge in mainstream enterprise demand for a modern database that
operates at in-memory speeds and global scale with uncompromising
reliability. Increasingly enterprises in financial services,
telecommunications, and retail are choosing the Aerospike in-memory
NoSQL database to power a new class of multi-channel Web and mobile
applications that respond in real time based on what consumers are
doing, where they are, and what they want-now.
"Aerospike was built to take advantage of modern processors and flash
storage, and today powers many of the top digital marketing platforms
that operate at extreme scale," said Joe Gottlieb, Aerospike CEO. "We
are now seeing strong demand from enterprises that must scale their
revenue-critical applications with both predictable low latency and
strong consistency. This Series C financing by NEA, CNTP, Alsop Louie
Partners, and Regis McKenna provides the resources we need to open
source Aerospike and take advantage of this broad market opportunity."
In-Memory Takes Spotlight for Scaling Enterprise Apps
The rapid adoption of Aerospike is part of a broader trend in
enterprises adding in-memory databases to their current mix of caches,
databases and data warehouses. These companies are turning to in-memory
databases to speed cross-channel Web and mobile apps that rely on
up-to-the-moment user context and "hot analytics" to deliver a
consistent and compelling customer experience.
"Forrester (News - Alert) estimates that more than 50 percent of enterprises will be
using in-memory databases by 2017," according to the Forrester TechRadar:
Enterprise DBMS, Q1 20141 report published by
Forrester Research (News - Alert), Inc. on February 13, 2014. The report2
observes, "Storing and processing customer data in-memory enables
upselling and cross-selling new products based on customer likes,
dislikes, friend circles, buying patterns, and past orders."
According to according to the Gartner (News - Alert), Inc. Who's Who for In-Memory
DMBSs3 reportpublished on January 16, 2014, "In-memory
DBMS is going beyond hype and is now attracting a wider market interest
and greater adoption." The report4 goes on to explain, "The
main business value offered by an IMDBMS is that it enables new business
opportunities that would not have been possible previously."
Series C Funding Accelerates Adoption of Modern Enterprise
Aerospike will use the new investment to expand its developer community
and engineering and support teams, as well as its global sales and
marketing initiatives. In conjunction with the Series C round of
financing, Kittu Kolluri, NEA general partner; Mohsen Moazami, CNTP
managing director; and Gilman Louie of Alsop Louie Partners are joining
the Aerospike board of directors.
"Aerospike is disruptive database technology, the real-time,
mission-critical component of modern enterprise infrastructure," said
Kittu Kolluri, NEA general partner. "Unlike other databases that give up
data consistency and reliability for speed or scale, Aerospike has stood
true to decades of database fundamentals while operating at wire speed
and Internet scale. This, combined with a new open source model, will
give enterprises access to a powerful database with which to leapfrog
the competition. I am thrilled to work with Aerospike and grow the
company to capture this tremendous opportunity."
"While first-generation NoSQL and Hadoop tackled big data variety and
volume, Aerospike delivered on velocity and will keep riding that wave
with every advance in processor, storage and networking technology,"
said Mohsen Moazami, CNTP managing director. "I am excited to take this
trailblazing company to the next stage of what is already a momentous
"Since we seeded Aerospike in 2011, we have watched the company mature
while the market started to become visible to everyone," said Gilman
Louie, of Alsop Louie Partners. "Managing data in real time enables the
next generation of applications that sense and respond intelligently to
what is happening."
"Marketing is not a function; it is a new way of doing business, a
modern enterprise infrastructure designed to systematically sense and
respectfully serve individual customers, no matter where they show up,
in store, on mobile devices, or across the Internet," said Regis
McKenna, legendary marketing guru. "Aerospike's game-changing technology
will give enterprises a new opportunity to adapt, innovate and compete."
About the Gartner Report
Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select
only those vendors with the highest ratings. Gartner research
publications consist of the opinions of Gartner's research organization
and should not be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a particular
Aerospike is the world's first flash-optimized database and the fastest,
most reliable in-memory NoSQL database that operates with unprecedented
speed at scale on just a handful of servers. Aerospike enables a new
class of applications that combine transactions and hot analytics, and
process billions of objects, 20K-2M+ transactions per second (TPS) and
100GB-100TB+ of data with predictable sub-millisecond latency and ACID
reliability. Aerospike requires minimal operator intervention and has
been in production non-stop for almost four years as the user context
store for real-time bidding and cross-channel marketing at customers
like AppNexus, eXelate, Chango and [x+1]. Aerospike is headquartered in
Silicon Valley. Investors include NEA, Alsop Louie and Draper
Associates. Download the free Aerospike Community Edition at www.aerospike.com
and follow @aerospikedb.
1Forrester Research, "TechRadar™: Enterprise DBMS,
Q1 2014," by Noel Yuhanna with Boris Evelson, Brian Hopkins and Emily
Jedinak, February 13, 2014.
2Forrester Research, "TechRadar™: Enterprise DBMS,
Q1 2014," February 13, 2014.
3Gartner, "Who's Who for In-Memory DMBSs," by Roxane
Edjlali and Donald Feinberg, January 16, 2014.
4Gartner, "Who's Who for In-Memory DMBSs," January
Aerospike is a registered trademark of Aerospike, Inc., in the United
States and/or other countries. All other trademarks and registered
trademarks are the properties of their respective owners.
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