Wednesday , 21 November 2018

Alibaba Group leads $26.4M Series B in GPU database provider SQream

SQream CEO and co-founder Ami Gal

SQream, the GPU database developer, will deepen its concentrate on China after elevating a $26.four million Collection B led by Alibaba Group. The spherical additionally included traders Hanaco Enterprise Capital, Sistema.vc, World Commerce Ventures, Paradiso Ventures, Glory Ventures and Silvertech Ventures.

The startup describes the funding, which brings its whole raised to just a little over $40 million, as a strategic funding from Alibaba. Earlier this yr, SQream and Alibaba Cloud introduced a brand new settlement that can give Alibaba Cloud customers entry to the GPU database beginning in October.

In an announcement to TechCrunch, Chaoqun Zhan, director of Alibaba Database Enterprise, stated “Alibaba Cloud and SQream introduced a collaboration in February and this funding deepens our relationship, and collectively we intention to offer the very best cloud options to all types of companies to allow their success on this digital age.”

Primarily based in Tel Aviv, SQream was based in 2010. Its SQL analytical database, known as SQream DB, makes use of 1000’s of parallel processing cores in NVIDIA GPUs to permit giant firms to carry out large knowledge analytics extra rapidly and cheaply (SQream claims its purchasers can “analyze as much as 20 instances extra knowledge, as much as 100 instances quicker, at as little 10% of the fee”).

SQream co-founder and CEO Ami Gal informed TechCrunch that one in all SQream’s principal differentiators from different GPU databases, like Kinetica and MapD, is its skill to adapt to more and more huge hoards of information. Kinetica and MapD use in-memory storage, so whereas they will analyze as much as about 5 terabytes of information extraordinarily rapidly, their scalability is restricted. Then again, SQream was created to deal with knowledge shops of as much as tons of of terabytes.

The corporate’s Collection B capital is getting used so as to add new characteristic to SQream DB and develop its gross sales, advertising and marketing and supply groups because it focuses on the Chinese language market and different areas. Along with Alibaba Cloud, SQream’s different new clients in Asia embrace Thai cell operator AIS and India’s ACL Cellular, an enterprise messaging service.

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