Click here to close now.


News Feed Item

Aerospike Raises $20 Million Series C Funding to Fuel Next Stage of Growth for Enterprise-Grade In-Memory NoSQL Database

Aerospike Inc., which delivers the world’s first flash-optimized in-memory NoSQL database, today announced that it has raised $20 million in Series C venture capital funding. New Enterprise Associates (NEA) led the investment and was joined by Columbus Nova Technology Partners, Alsop Louie Partners, Regis McKenna, and others.

The Series C funding comes as Aerospike continues to cement its dominance as the database of choice in real-time bidding (RTB) and sees a surge in mainstream enterprise demand for a modern database that operates at in-memory speeds and global scale with uncompromising reliability. Increasingly enterprises in financial services, telecommunications, and retail are choosing the Aerospike in-memory NoSQL database to power a new class of multi-channel Web and mobile applications that respond in real time based on what consumers are doing, where they are, and what they want—now.

“Aerospike was built to take advantage of modern processors and flash storage, and today powers many of the top digital marketing platforms that operate at extreme scale,” said Joe Gottlieb, Aerospike CEO. “We are now seeing strong demand from enterprises that must scale their revenue-critical applications with both predictable low latency and strong consistency. This Series C financing by NEA, CNTP, Alsop Louie Partners, and Regis McKenna provides the resources we need to open source Aerospike and take advantage of this broad market opportunity.”

In-Memory Takes Spotlight for Scaling Enterprise Apps

The rapid adoption of Aerospike is part of a broader trend in enterprises adding in-memory databases to their current mix of caches, databases and data warehouses. These companies are turning to in-memory databases to speed cross-channel Web and mobile apps that rely on up-to-the-moment user context and “hot analytics” to deliver a consistent and compelling customer experience.

“Forrester estimates that more than 50 percent of enterprises will be using in-memory databases by 2017,” according to the Forrester TechRadar: Enterprise DBMS, Q1 20141 report published by Forrester Research, Inc. on February 13, 2014. The report2 observes, “Storing and processing customer data in-memory enables upselling and cross-selling new products based on customer likes, dislikes, friend circles, buying patterns, and past orders.”

According to according to the Gartner, Inc. Who’s Who for In-Memory DMBSs3 report published on January 16, 2014, “In-memory DBMS is going beyond hype and is now attracting a wider market interest and greater adoption.” The report4 goes on to explain, “The main business value offered by an IMDBMS is that it enables new business opportunities that would not have been possible previously.”

Series C Funding Accelerates Adoption of Modern Enterprise Infrastructure

Aerospike will use the new investment to expand its developer community and engineering and support teams, as well as its global sales and marketing initiatives. In conjunction with the Series C round of financing, Kittu Kolluri, NEA general partner; Mohsen Moazami, CNTP managing director; and Gilman Louie of Alsop Louie Partners are joining the Aerospike board of directors.

“Aerospike is disruptive database technology, the real-time, mission-critical component of modern enterprise infrastructure,” said Kittu Kolluri, NEA general partner. “Unlike other databases that give up data consistency and reliability for speed or scale, Aerospike has stood true to decades of database fundamentals while operating at wire speed and Internet scale. This, combined with a new open source model, will give enterprises access to a powerful database with which to leapfrog the competition. I am thrilled to work with Aerospike and grow the company to capture this tremendous opportunity.”

“While first-generation NoSQL and Hadoop tackled big data variety and volume, Aerospike delivered on velocity and will keep riding that wave with every advance in processor, storage and networking technology,” said Mohsen Moazami, CNTP managing director. “I am excited to take this trailblazing company to the next stage of what is already a momentous journey.”

“Since we seeded Aerospike in 2011, we have watched the company mature while the market started to become visible to everyone,” said Gilman Louie, of Alsop Louie Partners. “Managing data in real time enables the next generation of applications that sense and respond intelligently to what is happening.”

“Marketing is not a function; it is a new way of doing business, a modern enterprise infrastructure designed to systematically sense and respectfully serve individual customers, no matter where they show up, in store, on mobile devices, or across the Internet,” said Regis McKenna, legendary marketing guru. “Aerospike’s game-changing technology will give enterprises a new opportunity to adapt, innovate and compete.”

About the Gartner Report

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Aerospike

Aerospike is the world’s first flash-optimized database and the fastest, most reliable in-memory NoSQL database that operates with unprecedented speed at scale on just a handful of servers. Aerospike enables a new class of applications that combine transactions and hot analytics, and process billions of objects, 20K-2M+ transactions per second (TPS) and 100GB-100TB+ of data with predictable sub-millisecond latency and ACID reliability. Aerospike requires minimal operator intervention and has been in production non-stop for almost four years as the user context store for real-time bidding and cross-channel marketing at customers like AppNexus, eXelate, Chango and [x+1]. Aerospike is headquartered in Silicon Valley. Investors include NEA, Alsop Louie and Draper Associates. Download the free Aerospike Community Edition at and follow @aerospikedb.

1Forrester Research, “TechRadar™: Enterprise DBMS, Q1 2014,” by Noel Yuhanna with Boris Evelson, Brian Hopkins and Emily Jedinak, February 13, 2014.

2Forrester Research, “TechRadar™: Enterprise DBMS, Q1 2014,” February 13, 2014.

3Gartner, “Who’s Who for In-Memory DMBSs,” by Roxane Edjlali and Donald Feinberg, January 16, 2014.

4Gartner, “Who’s Who for In-Memory DMBSs,” January 16, 2014.

Aerospike is a registered trademark of Aerospike, Inc., in the United States and/or other countries. All other trademarks and registered trademarks are the properties of their respective owners.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company In the past, he was co-founder of social-trading platform Currensee, which...
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application del...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
There are over 120 breakout sessions in all, with Keynotes, General Sessions, and Power Panels adding to three days of incredibly rich presentations and content. Join @ThingsExpo conference chair Roger Strukhoff (@IoT2040), June 7-9, 2016 in New York City, for three days of intense 'Internet of Things' discussion and focus, including Big Data's indespensable role in IoT, Smart Grids and Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) IoT's use in Vertical Markets.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.