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Thursday 18 February 2021

TigerGraph secures $105m to drive graph analytics in the cloud

TigerGraph logoGraph technology is one of the emerging technologies we have flagged up as an area suppliers and enterprises should be keeping tabs on. The latest sign of momentum comes in the form of fresh funding for TigerGraph, who has raised $105m to further its ambitions around graph analytics in the cloud, taking total funding to c.$170m. It appears that this is the largest funding round to date within the graph database and analytics market. The round was led by investment firm Tiger Global.

What TigerGraph has is a graph database able to connect, analyse different aspects of data and uncover new insights. The ability to make connections across customer, product, service and supplier domains and connect them back to relational databases provides the capability to uncover new insights and support data driven solutions. 

Graph structures are not particularly new but the approach has been expanded and with cloud and distributed computing as the backbone and the real value of data recognised, technology and use cases have evolved. Graph technology is popping up more frequently – just this week we highlighted data management startup Solidatus who uses graph technology within its data lineage and meta data management solution. You can also read the TechMarketView report on graph databases here.

With converged and specialist databases, new developments such as serverless vector databases for machine learning emerging, plus a surge of activity around cloud databases, the overall database market which has been rather staid in recent years is looking a lot more exciting. There is activity across multiple dimensions with graph databases being one of them.

Posted by: Angela Eager at 11:29

Tags: funding   software   database  

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