TigerGraph, a well-funded enterprise startup that gives a graph database and analytics platform, immediately introduced that it has raised a $105 million Collection C funding spherical. The spherical was led by Tiger International and brings the corporate’s complete funding to over $170 million.
“TigerGraph is main the paradigm shift in connecting and analyzing information through scalable and native graph know-how with pre-connected entities versus the standard manner of becoming a member of massive tables with rows and columns,” mentioned TigerGraph discovered and CEO, Yu Xu. “This funding will enable us to develop our providing and produce it to many extra markets, enabling extra prospects to appreciate the advantages of graph analytics and AI.”
Present TigerGraph prospects embody the likes of Amgen, Citrix, Intuit, Jaguar Land Rover and UnitedHealth Group. Utilizing a SQL-like query language (GSQL), these prospects can use the corporate’s companies to retailer and shortly question their graph databases. On the core of its choices is the TigerGraphDB database and analytics platform, however the firm additionally presents a hosted service, TigerGraph Cloud, with pay-as-you-go pricing, hosted both on AWS or Azure. With GraphStudio, the corporate additionally presents a graphical UI for creating information fashions and visually analyzing them.
The promise for the corporate’s database companies is that they will scale to tens of terabytes of knowledge with billions of edges. Its prospects use the know-how for all kinds of use instances, together with fraud detection, buyer 360, IoT, AI, and machine studying.
Like so many different firms on this area, TigerGraph is dealing with some tailwind because of the truth that many enterprises have accelerated their digital transformation tasks through the pandemic.
“Over the past 12 months with the COVID-19 pandemic, firms have embraced digital transformation at a sooner tempo driving an pressing want to search out new insights about their prospects, merchandise, companies, and suppliers,” the corporate explains in immediately’s announcement. “Graph know-how connects these domains from the relational databases, providing the chance to shrink growth cycles for information preparation, enhance information high quality, establish new insights corresponding to similarity patterns to ship the following greatest motion suggestion.”