Aerospike, an IT company specializing in real-time NoSQL data solutions, has secured a $109 million growth capital investment.
- Company Background: Aerospike’s solutions include vector and graph databases, catering to the increasing global data analytics and AI needs.
- Investors: The funding round was led by Sumeru Equity Partners, with existing investor Alsop Louie Partners also participating.
- Investment Details: The investment aims to boost Aerospike’s ability to innovate and bring its core transaction, analytics, and artificial intelligence (AI) solutions to market faster.
- Data Solutions: NoSQL data solutions are designed for the storage and retrieval of unstructured or semi-structured data, offering flexible schemas and horizontal scalability.
- Future Outlook: Worldwide AI software market is projected to grow to nearly $251 billion in 2027 at a compound annual growth rate of 31.4%, according to IDC Research.
