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Rockset to boost real-time database for AI era with $44M raise

Aug 29, 2023 - venturebeat.com
Database vendor Rockset has raised $44 million in new funding, bringing its total funding to $105 million. The funding will be used to enhance its real-time indexing capabilities, which have seen increased demand in the AI era. The company has been expanding its technology throughout 2023, including an update that made its real-time indexing database faster and the addition of vector embedding support to aid AI use cases.

Rockset's real-time index technology for vector embeddings, which provides a logical key for enabling search on a set of data, is particularly interesting. The index is updated in real time, which is crucial for certain production use cases requiring the most updated information possible. The company's CEO, Venkat Venkataramani, expects further development of AI capabilities in Rockset, including support for GPU acceleration to speed up queries for large language models and generative AI use cases.

Key takeaways:

  • Database vendor Rockset has raised $44 million in new funding, bringing its total funding to date to $105 million. The funding will be used to further develop its real-time indexing capabilities.
  • Rockset's technology uses the open-source RocksDB persistent key-value store, originally created at Meta (formerly Facebook), as a foundation. The company has been growing its technology throughout 2023, with updates designed to make its real-time indexing database faster and to support AI use cases.
  • Rockset has built a real-time index technology for vector embeddings, which are numerical representations of data used to power large language models. This real-time index is critical for certain production use cases requiring the most updated information possible.
  • Looking forward, Rockset plans to further develop its AI capabilities, including support for GPU acceleration to speed up queries for large language models and generative AI use cases.
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