US-based database technology developer TigerGraph emerged from stealth on Tuesday with $31m in series A capital provided by investors including internet company Baidu and financial services platform Ant Financial.
The round also included Qiming, AME Cloud, Morado Ventures, Danhua Capital, DCVC and Zod Nazem.
TigerGraph, known as GraphSQL while it was in stealth, has developed graph database technology for enterprise users that enables real-time, deep-link analytics of complex and huge datasets – with the ability to load between 50GB and 150GB of data per hour per machine.
The technology has applications in fraud prevention, supply chain logistics optimisation, smart grid management and personalised recommendations.
Yu Xu, founder and CEO of TigerGraph, said: “We are very excited to publicly launch our product after being battle tested by the largest customers in the world. With the power of combining real-time, big data and deep link analytics in a single platform, TigerGraph delivers the true promise and benefits of a graph platform.
“We expect to see a slew of new enterprise applications powered by TigerGraph. TigerGraph is poised to redefine the enterprise market just as the iPhone redefined the smartphone market.”