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Aerospike set to grow real time database for AI with $109M raise

Apr 04, 2024 - venturebeat.com
Aerospike, a real-time NoSQL database platform, has raised $109 million in a new funding round to expand its AI capabilities and market reach. The company, which started in 2009, has been growing as a multi-model database, supporting the JSON document model and adding graph database capabilities. It is widely used to enable AI and machine learning applications by companies like Adobe, AppsFlyer, Barclays, Flipkart and PayPal. Aerospike is currently working on building vector capabilities, which it plans to release this quarter.

The combination of Aerospike’s multi-modal database capabilities, including graph database, and the upcoming vector support, offers interesting possibilities. CEO Subbu Iyer noted that vectors and graphs have a lot of synergy and can bring more context and intelligence to AI. Aerospike is also planning to add more core database capabilities to its platform, including enhanced multi-record transactions, point-in-time recovery, and improved observability and management functionality.

Key takeaways:

  • Aerospike, a real-time NoSQL database platform, has raised $109 million in a new round of funding to support its expansion and add new AI capabilities.
  • The company, which started in 2009, has been growing as a multi-model database and is increasingly being used to enable AI and machine learning applications.
  • While Aerospike currently supports AI and ML use cases without native vector support, it is building out vector capabilities which it plans to release this quarter.
  • The combination of Aerospike’s existing multi-modal database capabilities, including graph database, alongside the in-development vector support, has potential for creating powerful AI combinations.
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