SQream's original focus was on SQL database analytics, but it has expanded its remit in recent years. In 2021, it acquired startup Panoply to access hundreds more data sources. The company is also exploring how it might leverage advances in processors to build the next generations of its service. This could potentially include quantum processors, optical processors, and other developments.
Key takeaways:
- Israeli data analytics startup SQream has raised $45 million in a Series C funding round led by World Trade Ventures, with participation from Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings.
- SQream, which focuses on the enterprise segment in verticals like semiconductors, manufacturing, telecomms, financial services, and healthcare, plans to use the funding to continue its growth in North America.
- The company, which has raised around $163 million so far, has been expanding its remit beyond its original focus on SQL database analytics and GPU-based parallel processing, including the acquisition of startup Panoply in 2021 to expand to hundreds more data sources.
- CEO Ami Gal hinted at future developments in the company's service, potentially leveraging advances in processors such as quantum and optical processors, and noted that while AI is currently a major focus, the company is prepared for the inevitable leveling out of the AI market.