vesoft Inc., a Hangzhou, China-based developer of the Nebula Graph™ database, raised an additional $10m in a series pre-A+ funding round.
Source Code Capital was the lead investor. Previous investors Matrix Partners China and Red Point China Ventures also contributed to this round. The graph database solution has now raised $18m in funding in 2020. The previous $8m in funding was secured in June 2020. Then, the lead investor was Redpoint China Ventures and Matrix Partners China contributed too. Matrix Partners China had also previously contributed as an angel investor.
The funding will be used for continued product development and to also bring Nebula Graph to market in North America and Europe, including as a cloud service.
Led by Sherman Ye, CEO, and founder, Nebula Graph provides a high performing graph database specifically designed for the needs of the largest organizations with large datasets. It allows data scientists, CTOs, CIOs, and others to store and process billions of data points with trillions of relational connections.
Nebula Graph currently has many large customers throughout Asia.