Aerospike, a real-time NoSQL database company, secured $109 million in funding to expand its AI capabilities.

If you are reading this from our website, you should join others who have subscribed to get quality tech updates in your box.

Aerospike, a NoSQL database company, lands $109 million to fuel its AI ambitions. Founded in 2009, Aerospike began by offering real-time data storage for the adtech industry. They've since evolved into a full-fledged NoSQL database optimized for real-time use cases across industries.

Aerospike's secret sauce lies in its hybrid memory architecture, which combines the speed of RAM with the storage capacity of flash memory. This translates to real-time performance and lower costs for businesses.

Recognizing the AI boom, Aerospike is strategically adding document, graph, and vector capabilities – functionalities crucial for building real-time AI and machine learning applications. The company aims to leverage this funding to refine these functionalities, even exploring the potential of combining graph and vector capabilities for more advanced AI tools.

Investors are excited about Aerospike's potential. Sumeru Equity Partners, who led the funding round, believes Aerospike is well-positioned to become a "foundational element for the next generation of real-time AI applications." This fresh injection of capital fuels Aerospike's mission to become a major player in the ever-growing AI landscape.

If you are reading this from our website, you should join others who have subscribed to get quality tech updates in your box.