Claudius and team have created a world class product adopted by several Fortune 50 companies and supported by a vibrant open-source community. "With ArangoDB, developers no longer face the painful trade-off between choosing a single database model or maintaining multiple databases - they can have the best of both worlds. Key milestones achieved in 2018 include: "By supporting native document and graph data models as well as providing a full-text search and ranking engine, ArangoDB allows us to dramatically consolidate our infrastructure and easily query more than 12 terabytes of molecular data." The investment comes after a record year for ArangoDB. "We previously had to utilize three different technologies to provide the performance and functionality for the more than 150 million external requests we receive each day," said Grisha Starchenko, Architect and Tech Lead at the NCBI. which continues to be our fastest-growing market." The National Center for Biotechnology Information (NCBI) maintains a molecular biology database system to aid the research and medical community with new discoveries around genetic processes that control health and disease. "With our latest round of financing, we plan to continue to innovate, grow our global customer base, and double-down in the U.S. But why should they have to use different databases for that important advantage? We created ArangoDB to give developers freedom when building their applications - if they want to adapt or extend their data access patterns, they can do so by simply changing a query instead of their entire infrastructure," said Claudius Weinberger, CEO and co-founder of ArangoDB. "Developers should use the right data model for the right job.
This not only reduces development complexity by eliminating data duplication and consistency challenges, but also accelerates time-to-market as development teams only have one database to learn, administer and maintain. By uniting graph, document, and key/value data models in a single core with the same query language, ArangoDB gives developers flexibility when building their applications.
However, maximizing the full value of this data often requires multiple data models, each of which typically requires a separate database - known as polyglot persistence. With the rise and evolution of NoSQL databases, developers have more flexibility than ever before when it comes to what they can do with their data.
The main software and product development will continue to be driven from Cologne, Germany. The company will continue to build-up community support, marketing, human resources as well as sales in Silicon Valley.
ArangoDB's Series A investment will allow it to accelerate product development and revenue growth by further expanding its engineering and sales teams to more heavily support its customers and community in the U.S. More than 500 organizations worldwide, including Airbus, Barclays, SAP Concur, and Thomson Reuters, leverage ArangoDB's multi-model database in production for flexible, streamlined application development. Existing investor Target Partners also participated in the round, bringing ArangoDB's total financing to $17 million. As part of the investment, Bow Capital Advisor Murat Sonmez, a former EVP of Global Field Operations at TIBCO and Managing Director at the World Economic Forum, joins ArangoDB's board of directors.
to better service its fastest-growing market. ArangoDB, the leading open source native multi-model database, today announced it has raised $10 million in a Series A financing led by Bow Capital, and has moved its headquarters to the U.S.