SQream, a Tel Aviv, Israel-based developer of a GPU database for analyzing massive data stores, raised $26.4m in Series B funding.
The round was led by Alibaba Group (NYSE: BABA) with participation from existing and new investors including Hanaco Venture Capital, Sistema.vc, World Trade Ventures, Paradiso Ventures, Glory Ventures, and Silvertech Ventures.
The financing will enable the company to accelerate technological integration with ecosystem partners, and to grow its global sales and marketing team.
Led by Ami Gal, CEO and Co-founder, SQream provides SQream DB, a SQL analytical database that enables companies to ingest, store and analyze tens to hundreds of terabytes of data, at low cost and administration, by harnessing thousands of parallel processing cores in NVIDIA GPUs.
The strategic investment from Alibaba Cloud aims to deepen its relationship with SQream. In February, the companies announced a collaboration agreement to provide Alibaba Cloud’s customers with a solution to set up, access and analyze data in the cloud, enabling comprehensive analytics and business intelligence.