Investment led by NEA will ignite developer innovation and accelerate
enterprise adoption of the open source Aerospike database
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
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 estimates that more than 50 percent of enterprises will be using in-memory databases by 2017,” according to the Forrester TechRadar: Enterprise DBMS, Q1 20141report published by Forrester Research, Inc. on
According to according to the Gartner, Inc. Who’s Who for In-Memory DMBSs3 report published on
Series C Funding Accelerates Adoption of Modern Enterprise Infrastructure
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;
“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
“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
“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
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 purpose.
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
1Forrester Research, “TechRadar™: Enterprise DBMS, Q1 2014,” by
2Forrester Research, “TechRadar™: Enterprise DBMS, Q1 2014,”
3Gartner, “Who’s Who for In-Memory DMBSs,” by
4Gartner, “Who’s Who for In-Memory DMBSs,”
Aerospike is a registered trademark of
Kinetic.PR for Aerospike
Most Popular Stories
- Americans Still Pessimistic Despite Economic Growth
- Bogdanovitch Delivers Laughs With 'She's Funny'
- Labor Day Travel Up, Gas Prices Down
- Nintendo Launching 'Amiibo' Toy-game Franchise
- U.K. Raises Terror Threat Level to 'Severe'
- Apple to Unveil New Items on Sept. 9
- Parra Joins Exclusive Club of Hispanic CEOs
- Canada, Russia Go to War (on Twitter)
- Axxis Solutions Appoints Benites as CEO
- Obama Puts Ukraine Violence on Russia