SQream serves a wide range of industries, including semiconductors, manufacturing, telecom, financial services, and healthcare, with clients such as Samsung, LiveAction, Sinch, Orange, AIS, and LG. The company plans to use the latest funding to expand its team and footprint in North America, extend AI/ML capabilities, and further solidify its position in the big data and analytics markets. Despite competition from data infrastructure players like Snowflake and Databricks, as well as other GPU-accelerated analytics companies, SQream aims to continue leveraging its GPU-centric approach to accelerate data analytics.
Key takeaways:
- SQream, an Israel-based startup that accelerates data and analytics workloads with GPU-driven technologies, has raised $45 million in a series C funding round.
- The company plans to use the funding to expand its presence in North America, extend strategic partnerships, and further develop its AI/machine learning capabilities and big data analytics.
- SQream's products, SQreamDB SQL database and SQream Blue cloud-native, fully-managed data preparation lakehouse, leverage the power of GPUs to process large volumes of data much faster than traditional, CPU-based data warehouses.
- Despite competition from other data infrastructure players like Snowflake and Databricks, SQream serves a large customer base across various industries, including semiconductors, manufacturing, telecom, financial services, and healthcare.