Total amount raised
$171.8 Millions
Latest funding date
2/1/2021
Location
TigerGraph has successfully raised significant capital through multiple funding rounds, with the latest being a Series C round. The company is backed by a diverse group of investors, including prominent names like Victor Koch and Tiger Global Management.
Keep reading to explore the intricacies of TigerGraph's fundraising journey and the investors backing this innovative platform.
What Is TigerGraph?
TigerGraph, founded in 2012 by Yu Xu, is headquartered in Redwood City, California. The company specializes in advanced analytics and machine learning on connected data through its distributed native graph database.
With a team of 101-250 employees, TigerGraph supports applications such as fraud detection, anti-money laundering, and customer 360. Their platform is designed to provide real-time analytics and AI-powered insights, optimizing business operations across various industries.
For more information, you can visit their official website or check out their Crunchbase profile.
How Much Funding Has TigerGraph Raised?
- Grant
- Amount Raised: $150K
- Date: December 2012
- Lead Investors: National Science Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to support early-stage research and development.
- Seed Round
- Amount Raised: $1.2M
- Date: March 2013
- Lead Investors: AME Cloud Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the core technology and build a prototype.
- Seed Round
- Amount Raised: $2.5M
- Date: November 2013
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and prepare for market entry.
- Seed Round
- Amount Raised: -
- Date: October 2014
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and early customer acquisition.
- Series A
- Amount Raised: $31M
- Date: September 2017
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the team.
- Series B
- Amount Raised: $32M
- Date: September 2019
- Lead Investors: Susquehanna International Group (SIG)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and expand market reach.
- Series C
- Amount Raised: $105M
- Date: February 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund product innovation, expand global reach, and scale up hiring.
Total Amount Raised: $171.85M
Current Valuation: Not publicly disclosed
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a prominent investment firm known for its investments in technology companies. It manages hedge funds and private equity funds and has a significant presence in the venture capital space.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Susquehanna International Group (SIG)
- Details: Susquehanna International Group (SIG) is a global quantitative trading firm and liquidity provider. They are also active in venture capital, focusing on high-growth sectors.
- Investment Focus Areas: Technology, financial services, healthcare.
- Notable Investments: ByteDance (TikTok), Alibaba, Meituan-Dianping.
- AME Cloud Ventures
- Details: AME Cloud Ventures is a venture capital firm founded by Yahoo co-founder Jerry Yang. The firm focuses on seed to later-stage companies, particularly in technology.
- Investment Focus Areas: Technology, data, cloud computing.
- Notable Investments: DeepMap, Rigetti Computing, Evernote.
- DCVC
- Details: DCVC (Data Collective) is a venture capital firm that invests in deep tech and data-driven companies. They focus on companies that leverage data science to solve complex problems.
- Investment Focus Areas: Deep tech, data science, artificial intelligence.
- Notable Investments: Planet Labs, Zymergen, Rocket Lab.
- Qiming Venture Partners
- Details: Qiming Venture Partners is a leading Chinese venture capital firm. They focus on early to growth-stage investments in technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Xiaomi, Meituan-Dianping, Bilibili.
What's Next for TigerGraph?
As TigerGraph looks to the future, the opportunities are vast. The company plans to expand its product offerings, including TigerGraph Cloud on Google Cloud Platform, and enhance support on AWS and Azure. With the graph database market expected to reach $2.4 billion by 2023, TigerGraph is well-positioned to capitalize on this growth. The company also aims to increase its presence in Asia, Australia, and New Zealand, while scaling up hiring across multiple regions.
Future fundraising opportunities seem promising, given the significant market potential and the company's rapid growth. The recent $105 million Series C round, led by Tiger Global Management, underscores investor confidence. However, TigerGraph will face challenges, including competition from other graph database providers and the need to manage and scale operations globally. Ensuring robust security and compliance across different regions will also be crucial as the company continues to expand.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like TigerGraph and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
