ArangoDB, a San Francisco CA and Cologne, Germany-based open source graph database, raised $27.8M in Series B funding.
The round, which brings ArangoDB’s total financing to $47m since its foundation, was led by Iris Capital with participation from Bow Capital, Target Partners and New Forge. In conjunction with the funding, Iris Capital’s Managing Partner Curt Gunsenheimer joined ArangoDB’s board of directors, in addition to New Forge’s Mirko Novakovic.
The company intends to use the funds to expand operations and its business reach entering new markets.
Led by Claudius Weinberger, CEO, Frank Swain, Chief Revenue Officer, and Jörg Schad, Chief Technology Officer, ArangoDB provides a scalable open source graph database, with more than 11,000 stargazers on GitHub. Building on the concept of ‘graph and beyond’, ArangoDB combines graphs with JSON documents, a key-value store, and a full-text search engine, enabling developers to access and combine all of these data models with a single query language which serves as the scalable backbone for graph analytics and complex data architectures across many different industries.
Since its founding, ArangoDB has natively supported graph in combination with additional data formats, including JSON documents, key-value, and full-text search. ArangoDB has been adopted by industry leaders with novel use cases such as Altair, Barclays, Cisco, Juniper Networks, Refinitiv, RE/MAX, and VMware.