ArangoDB, a San Francisco, CA-based open source native multi-model database, has secured $10 million in Series A funding.
The round, which brought total funding to date to $17m, was led by Bow Capital with participation from existing investor Target Partners. In addition to the funding, Bow Capital Advisor Murat Sönmez, founding team member of TIBCO and Managing Director at the World Economic Forum, joined ArangoDB’s board of directors.
The company intends to use the funds to accelerate product development and revenue growth by further expanding its engineering and sales teams to support its customers and community in the U.S, to continue to build-up community support, marketing, human resources as well as sales in Silicon Valley, while the main software and product development will be driven from Cologne, Germany.
Led by Claudius Weinberger, CEO and co-founder, ArangoDB is an open source native multi-model database used by more than 500 organizations worldwide in production for flexible, streamlined application development. By uniting graph, document, and key/value data models in a single core with the same query language, ArangoDB gives developers flexibility when building their applications. This reduces development complexity by eliminating data duplication and consistency challenges and accelerates time-to-market as development teams only have one database to learn, administer and maintain.
Users include Airbus, Barclays, SAP Concur, and Thomson Reuters.
FinSMEs
14/03/2019