About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Nebula Graph Database Raises $8 Million in Series Pre-A Funding

Subscribe to our newsletter

VEsoft, the developer of the open-source Nebula Graph database, this week successfully closed $8 million in a series pre-A funding round led by Redpoint China Ventures and supported by existing angel investor Matrix Partners China. The funding will be used for additional product development and to bring Nebula Graph to market in North America, Europe, and Asia.

Graph databases are big news in the data management industry, as large organisations seek ever more powerful big data and business analytics tools to manage their relational database management system (RDBMS) requirements. Graph databases are a key tool to assist in developing these alternatives, as unlike RDBMS databases (which are in themselves a $50 billion global market), graph systems are able to store data about data, providing valuable information on how these data sets relate to each other and enabling cost-effective data processing. In the past two years alone, over $130 million has been invested into four competing graph databases

“With a rapid growth of informatization, massive data has generated large-scale relationship networks,” said David Yuan, founding and managing partner, Redpoint China Ventures. “Gartner indicated that the global graph database market will grow to nearly $10 billion at a CAGR of 100% in the next two to three years. This provides a huge opportunity for start-ups. Since its establishment and open-source availability in May 2019, the Nebula Graph team has demonstrated strong abilities, including in-depth industrial understanding and experience in product development.”

VEsoft released its first beta version of the database product in June 2019, and is now looking to transition onto the cloud, with the goal of disrupting the big data market with the ability to store and process billions of data points with trillions of relational connections as a managed service.

“There are many business and societal possibilities behind big data that remain untapped, trapped behind limitations of existing database capabilities,” said Sherman Ye, CEO and founder of VEsoft. “The idea behind Nebula Graph is to unleash that hidden intelligence and we’re excited that Redpoint Ventures and Matrix Partners are aligned with us to do so.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to integrating legacy data with the cloud

Acceleration of cloud adoption, increasing demand for digital transformation and real-time data management have led financial institutions to rethink their data infrastructure to enable more agile operating models that can respond faster to change and make data a competitive advantage. For many, integrating data from legacy systems and data across the business landscape with a...

BLOG

EDM Council Introduces Data Excellence Program

The EDM Council has introduced a Data Excellence Program offering standardised measurement and recognition of data management excellence at the organisational level. The initiative aims to acknowledge organisations that are dedicated to continuous improvement and excellence in data management based on globally recognised best practices. Key elements of the Data Excellence Program include: Data management...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Corporate Actions USA 2010

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...