ArangoDB GmbH, the Cologne, Germany-based company behind the open-source NoSQL database, closed the final tranche of a €4.2m funding round.
The round was led by Munich-based venture capital firm Target Partners.
The company intends to use the funds to accelerate and strengthen its US presence.
Led by Claudius Weinberger, Co-Founder and CEO, ArangoDB is developing the open-source NoSQL database ArangoDB, which combines three major data models (graph, key/value, JSON-documents) in one database and with one query language. ArangoDB allows startups and enterprises to speed up innovation cycles, simplify technology stacks and increase on-time and on-budget delivery of software projects.
The company has a global community with over 2 million downloads so far. Over 3,000 organizations, including Fortune 50 companies, currently use the database worldwide for various use-cases including e-commerce, Internet of things, analytics, fraud detection, personalization, and genomic research.
FinSMEs
30/06/2017