Welcome!

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 www.aerospike.com 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
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.