Aerospike set to grow real time database for AI with $109M raise

by | Apr 4, 2024 | Technology

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As demand for AI continues to grow, so too is interest and demand in database technologies that help to support AI efforts.

One such vendor is Aerospike which is seeing new demand for its real time NoSQL database platform. To support that demand and help the company expand, the company today announced that it has raised $109 million in a new round of funding, as it seeks to add new AI capabilities and expand its go-to-market efforts. Aerospike got its start back in 2009 with a focus on advertising technology applications. In recent years, Aerospike has been steadily adding new features and growing as a multi-model database, providing support for the JSON document model in 2022 and in 2023 adding graph database capabilities.

Aerospike is increasingly being used to enable AI and machine learning (ML) applications and includes Adobe, AppsFlyer, Barclays, Flipkart and  PayPal among its many users. While Aerospike is being used to support AI/ML today, it does not yet have vector capabilities, which is something the company is building out and plans on releasing this quarter.

“We were founded on the premise that real-time access to data is going to pretty much be prevalent in every industry,” Subbu Iyer, CEO of Aerospike, told VentureBeat. “One of the things we have seen is the need to really get data access and drive insight in real time.”

VB Event
The AI Impact Tour – Atlanta

Continuing our tour, we’re headed to Atlanta for the AI Impact Tour stop on April 10th. This exclusive, invite-only event, in partnership with Microsoft, will feature discussions on how generative AI is transforming the security workforce. Space is limited, so request an invite today.

Request an invite

Vector isn’t the only thing that’s needed for an AI database

Over the last year, there has been an explosion in the number of database providers supporting vector capabilities. 

Google recently announced that al …

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Join us in Atlanta on April 10th and explore the landscape of security workforce. We will explore the vision, benefits, and use cases of AI for security teams. Request an invite here.

As demand for AI continues to grow, so too is interest and demand in database technologies that help to support AI efforts.

One such vendor is Aerospike which is seeing new demand for its real time NoSQL database platform. To support that demand and help the company expand, the company today announced that it has raised $109 million in a new round of funding, as it seeks to add new AI capabilities and expand its go-to-market efforts. Aerospike got its start back in 2009 with a focus on advertising technology applications. In recent years, Aerospike has been steadily adding new features and growing as a multi-model database, providing support for the JSON document model in 2022 and in 2023 adding graph database capabilities.

Aerospike is increasingly being used to enable AI and machine learning (ML) applications and includes Adobe, AppsFlyer, Barclays, Flipkart and  PayPal among its many users. While Aerospike is being used to support AI/ML today, it does not yet have vector capabilities, which is something the company is building out and plans on releasing this quarter.

“We were founded on the premise that real-time access to data is going to pretty much be prevalent in every industry,” Subbu Iyer, CEO of Aerospike, told VentureBeat. “One of the things we have seen is the need to really get data access and drive insight in real time.”

VB Event
The AI Impact Tour – Atlanta

Continuing our tour, we’re headed to Atlanta for the AI Impact Tour stop on April 10th. This exclusive, invite-only event, in partnership with Microsoft, will feature discussions on how generative AI is transforming the security workforce. Space is limited, so request an invite today.

Request an invite

Vector isn’t the only thing that’s needed for an AI database

Over the last year, there has been an explosion in the number of database providers supporting vector capabilities. 

Google recently announced that al …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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