“The interim funding has arrived at an opportune time and will be used for research and product development, as well as for improving BangDB’s user base and establishing new sales channels” – Sachin Sinha, CEO and Founder of BangDB.
BANGALORE, India (PRWEB)
December 31, 2021
BangDB, a pioneer in AI-powered converged NoSQL database technology, today announced that it has completed a bridge funding round led by Ten Innovate. The funding comes after impressive growth in 2021 with large user adoptions coupled with competitive enterprise-level gains in both accounts and partnerships. BangDB will use the funds in product development as well as new sales channels and initiatives, which will be announced in the coming weeks.
- The funding follows the release of BangDB 2.0 in November 2021. The release added Graph functionality as well as REST API support for AI, streaming, and document database for the ‘IOT and other real-time high performance data analysis use cases.
- The successful funding reflects more than 120,000 active users for BangDB across different verticals and with several key account additions and the establishment of high level partnerships in 2021. BangDB was also ranked as the top performing NoSQL database by the YCSB benchmarking, which places it 2X + over the competition.
- Building on the success of BangDB Server 2.0, BangDB will use the new funding to accelerate product development and commercialization as well as the next release of BangDB as a service in the first quarter of 2022.
“Since BangDB’s 2.0 release last December, BangDB’s growth has been remarkable,” said Sachin Sinha, Founder and CEO of BangDB. “The interim funding has arrived at an opportune time and will be used for research and product development, as well as improving BangDB’s user base and establishing new sales channels for us to win. leading business accounts. “
“We are a collection of professionals from the Oracle family who invest in entrepreneurs from the Oracle family, with the aim of promoting entrepreneurship within our community. Said Rajeev Shroff, founder of Ten Innovate. “We see the association with BangDB as a great growth opportunity in the enterprise software solutions space from India, because it’s really rare. It’s great to partner with Venture East, a fund that we really admire for supporting their portfolio companies. We are delighted to be working with the BangDB team.
Customers and partners:
Airpay, Cisco, Accenture, Ellementry, CtrIS, Fully Filmy, Make My Trip, Opera Solutions, Wine Central, IBM, NetAPP, o9 Solutions
Download BangDB Server 2.0
To follow @IQLECT on Twitter
About Ten Innovate
The Entrepreneurial Network (TEN) was founded in 2012 and is a group of like-minded technology and business professionals with a common heritage of working together in the early years of Oracle India, now pooling their wide range of skills and expertise to build an ecosystem of collaborative startups. TEN’s blend of technological expertise, cross-domain knowledge, strong operational skills and development and start-up experience creates a powerful vehicle to help turn innovative ideas into successful businesses. Members include proven business mentors, academics, financial experts, human resource managers, technology gurus, and senior engineering executives.
BangDB (IQLECT) was founded as part of IQLECT in 2015 by Sachin Sinha, who is also the CEO of the company. The BangDB team represents the best minds and leaders who have decades of experience in this field in companies such as Amazon, IBM Research, Facebook, EMC, Informatica, Microsoft, Oracle, Yahoo, Novel, etc. They have a renowned university education. institutes like IITs, MIT, Berkeley, Univ of Utah, Univ of Wisconsin, Madison with B.Tech, MS and PhD in the areas of database and analytics. For more information, visit http://www.bangdb.com.
BangDB (IQLECT) is a Bengaluru-based startup that delivers a modern, high-performance NoSQL data platform for real-time operational intelligence and actionable insights. It has been funded by several Angels like Michael Marks, Lip Bu Tan, Nicholas B, Pradeep Khosla and top VCs like VenturEast and Exfinity Venture Partners.
Share the article on social media or by email: