Total amount raised
$241 Million
Latest funding date
12/1/2024
Location
Aerospike has successfully raised funding over seven rounds, with the latest being a Venture - Series Unknown round. The company is backed by 12 investors, including CIBC Innovation Banking and Alsop Louie Partners.
Keep reading to explore the intricacies of Aerospike's fundraising journey and the investors backing this innovative platform.
What Is Aerospike?
Aerospike is a high-performance, real-time database company headquartered in Mountain View, California. The company specializes in providing database solutions designed for AI applications, ensuring consistency, availability, and cost-efficiency at any scale.
Founded in 2010, Aerospike operates in industries such as Analytics, Big Data, Database, Real Time, and Software. The company has an employee count ranging from 51 to 100, and it serves various sectors including AdTech, Ecommerce, Financial Services, Gaming, and Telecom.
With a focus on mission-critical applications, Aerospike has gained the trust of global leaders by offering deployment options like Aerospike Cloud, Managed Service, and Self Managed solutions. The company continues to innovate, helping businesses achieve significant cost savings and performance improvements.
How Much Funding Has Aerospike Raised?
- Series A
- Amount Raised: USD 2,000,000
- Date: March 2011
- Lead Investors: Alsop Louie Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of their NoSQL database technology.
- Series B
- Amount Raised: USD 8,000,000
- Date: August 2012
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product capabilities.
- Series C
- Amount Raised: USD 20,000,000
- Date: June 2014
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate product development.
- Series D
- Amount Raised: USD 32,000,000
- Date: November 2019
- Lead Investors: Triangle Peak Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance real-time capabilities and support mission-critical applications.
- Debt Financing
- Amount Raised: USD 70,000,000
- Date: January 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide financial flexibility and support ongoing operations.
- Series E
- Amount Raised: USD 109,000,000
- Date: April 2024
- Lead Investors: Sumeru Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To capitalize on the AI boom and accelerate innovations around AI.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: December 2024
- Lead Investors: CIBC Innovation Banking
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further growth and technological advancements.
Total Amount Raised: USD 241,000,000
Current Valuation: Not publicly disclosed
Key Investors
- CIBC Innovation Banking
- Details: CIBC Innovation Banking provides growth capital to technology and innovation companies. They are a lead investor in multiple funding rounds for Aerospike.
- Investment Focus Areas: Technology, innovation, growth capital.
- Notable Investments: Not publicly disclosed.
- Alsop Louie Partners
- Details: Alsop Louie Partners is an early-stage technology investment firm. They have been involved with Aerospike since the Series A round.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Not publicly disclosed.
- Sumeru Equity Partners
- Details: Sumeru Equity Partners focuses on middle-market companies in the technology and software sectors. They led Aerospike's Series E funding round.
- Investment Focus Areas: Technology, software, middle-market companies.
- Notable Investments: Not publicly disclosed.
- Triangle Peak Partners
- Details: Triangle Peak Partners invests in technology, energy, and alternative energy sectors. They were a lead investor in Aerospike's Series D round.
- Investment Focus Areas: Technology, energy, alternative energy.
- Notable Investments: Not publicly disclosed.
- New Enterprise Associates
- Details: New Enterprise Associates is a global venture capital firm investing in technology and healthcare sectors. They have been involved with Aerospike since the Series B round.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Not publicly disclosed.
What's Next for Aerospike?
As Aerospike looks to the future, the company is poised to capitalize on the AI boom, leveraging its real-time database platform to enhance AI and ML applications. The integration of graph and vector capabilities positions Aerospike to become a foundational element for next-generation AI solutions, offering significant growth opportunities in a rapidly evolving market.
With the recent $109 million Series E funding, Aerospike is well-positioned for future fundraising opportunities, driven by the increasing demand for real-time data processing. However, the company will need to navigate challenges such as competition from other database providers and the rapid pace of technological advancements in AI and data processing.
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