ArangoDB GmbH, a Cologne, Germany-based provider of next generation database, raised €2.2m in funding.
The round was led by Target Partners.
The company intends to use the funds to accelerate product development and international expansion.
Led by Claudius Weinberger, Co-Founder and CEO, and Frank Celler, co-founder & CTO, ArangoDB develops the open-source NoSQL database ArangoDB, which combines three major data models (graph, key/value, JSON-documents) in a single database and query language to allows startups and enterprises to speed up innovation cycles and simplify their technology stack.
The product is currently used by over 3,000 organizations worldwide, including Fortune 50 companies, for different use-cases including e-commerce, IoT, analytics, fraud detection, personalization, and genomic research.