Enterprises worldwide are looking for easy ways to improve business insights, use new analytics methods, and advance their AI usages,” said Claudius Weinberger, CEO and co-founder of ArangoDB. “The key challenge of the 21st century is to get real value out of data. ArangoDB also recently strengthened its management team, appointing Frank Swain as Chief Revenue Officer and promoting Jörg Schad to Chief Technology Officer. New roles are open across engineering, marketing, product management, sales, and recruiting, most of which are fully-remote.
The new funding will allow the company to accelerate its continued development of advanced analytics – in particular scalable graph analytics – and machine learning capabilities.
#Arangodb nosql arangodb 27.8m series series
This Series B investment brings ArangoDB’s total financing to $47 million since its foundation.ĪrangoDB continues to gain traction for its ‘graph and beyond’ database: the ability to natively store data for graph, document, and search needs. Curt Gunsenheimer, Managing Partner at Iris Capital, and New Forge’s Mirko Novakovic, co-founder and former CEO of Instana, join ArangoDB’s board of directors. SAN FRANCISCO and COLOGNE, Germany (PRWEB) October 06, 2021ĪrangoDB, the most scalable open source graph database, today announced a $27.8 million Series B financing round led by Iris Capital, with participation from existing investors Bow Capital and Target Partners, alongside New Forge.
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