US-based TigerGraph, a startup that supports advanced analytics and machine learning platforms through its distributed native graph database, raised US$ 105 million in a Series C funding round.
Investors: The funding round was led by Tiger Global and brings the company’s total funding to over US$ 171.7 million, according to Crunchbase.
Founded in 2012 by Yu Xu, TigerGraph provides a graph database platform for enterprise applications and supports real-time deep link analytics for enterprises with complex and huge amounts of data. It leverages IoT, AI and machine learning to make sense of big data and provides personalized recommendations, supply-chain logistics, company knowledge graph, fraud prevention and many other features. TigerGraph is headquartered in Redwood City, California.
TigerGraph’s has some well-known customers including SoftBank, State Grid Corporation of China, Alipay, VISA, Jaguar Land Rover, UnitedHealth Group, Intuit, Wish and Elementum. With a SQL-like query language (GSQL), the customers can use the startup’s services to store their graph databases. It offers the TigerGraphDB database and analytics platform and a hosted service – TigerGraph Cloud with pay-as-you-go pricing.
TigerGraph claims that it can scale to tens of terabytes of data with billions of edges. As companies have begun to embrace digital transformation, especially over the last 12 months with the COVID-19 pandemic, the need to find new insights about customers, products, services etc, has increased. TigerGraph believes that its graph technology connects these domains from the relational databases, and helps the companies to improve data quality, identify important insights and patterns to decide what their next action should be.
What the CEO has to say: “TigerGraph is leading the paradigm shift in connecting and analyzing data via scalable and native graph technology with pre-connected entities versus the traditional way of joining large tables with rows and columns. This funding will allow us to expand our offering and bring it to many more markets, enabling more customers to realize the benefits of graph analytics and AI.” — Yu Xu, TigerGraph founder and CEO.
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