Aerospike, a Mountain View, CA-based real-time database empowering mission-critical applications across diverse use cases, including Artificial Intelligence and Machine Learning, received $30M in Growth financing from CIBC Innovation Banking.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Subbu Iyer, Aerospike provides a real-time database built for infinite scale, speed, and savings. It handles vector search, key-value, and graph applications while still running on 80% less infrastructure than legacy or point solutions. It empowers organizations like Adobe, Airtel, Criteo, DBS Bank, Experian, PayPal, Snap, and Sony Interactive Entertainment.
The company has offices include London, Bangalore, and Tel Aviv.
