Zilliz, a Shanghai, China-based GPU database company, completed a $10m A1 financing round in January 2018.
The round was led by Morningside Venture Capital with participation from Green Pine Capital Partners, Yunqi Partners and Eminence Ventures.
The company intends to use the funds to accelerate product R&D and further promote the commercialization of GPU databases.
Launched in 2016 by Charles Xie, Zilliz focuses on developing a new generation of OLAP database systems based on GPU hardware acceleration. Compared with traditional analytical databases, the company’s core database product MegaWise promises to improve query performance by more than 100 times, while reducing hardware, operation and maintenance costs by over 10 times.
Over the 2 years since its founding, Zilliz has signed strategic partnerships with such tech companies as NVIDIA, IBM, Google and Inspur. It currently focuses on multiple fields, including finance, telecommunications, healthcare and retail.