[Funding alert] Aerospike Secures $109 Mn Growth Funding From Sumeru Equity Partners

Aerospike reported that Sumeru Equity Partners, an existing investor, has closed a $109 million growth capital investment in the company. Alsop Louie Partners has also contributed to the transaction. This most recent investment shows that the company’s business performance and product strength are validated.

With this investment, Aerospike will be able to better meet the rapidly increasing demands of the global data analytics and artificial intelligence (AI) software market, which IDC Research projects will reach $251 billion by 2027. Aerospike’s core transaction, analytics, and AI solutions, including vector and graph databases, will also go to market faster.

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“The Aerospike database is purpose-built for unprecedented scale, the highest performance, and the lowest latency, which is why the explosion of real-time data has fueled our business momentum. Quite simply, we were made for this challenge,” said Subbu Iyer, CEO of Aerospike. “AI is disrupting every industry and is fueling an insatiable demand for data. The promise of the AI era requires new infrastructure that can harness more data in real time. As AI applications demand context, we offer the only production-level vector solution that delivers consistent accuracy at scale on significantly less infrastructure than anyone else. We are elated to partner with Sumeru on our next phase of growth as we seek to drive ongoing innovation and investment in our products.”

Aerospike reduces server footprints and costs by up to 80% by operating on a fraction of the infrastructure needed by other databases.

“AI is transforming the economy and presents new opportunities for growth and innovation. Aerospike, with its impressive customer base and performance advantage at scale, is uniquely positioned to become a foundational element for the next generation of real-time AI applications,” said George Kadifa, Sumeru Co-Founder and Managing Director, who will also join the board as part of the transaction.

“We were impressed by Aerospike’s product leadership and its growing installed base of AI/ML applications operating across fraud detection, customer recommendation engines, digital payments infrastructure, and other mission-critical use cases where precision and low latency matter. Our team looks forward to partnering with Subbu and the company as it expands its product suite and go-to-market capabilities in the next phase of its scaling journey.”

About Aerospike

Aerospike is a real-time database designed for savings, speed, and limitless scale. With the lowest latency and fastest throughput data platform, our customers are prepared for the future. We enable industry leaders like Adobe, Airtel, Criteo, DBS Bank, Experian, PayPal, Snap, and Sony Interactive Entertainment through cloud and AI-forward solutions. We have offices in London, Bangalore, and Tel Aviv in addition to our headquarters in Mountain View, California.

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