finanzen.net
11.09.2018 18:14
Bewerten
(0)

PingCAP Raises $50 Million in Series C Round

DRUCKEN

SAN MATEO, Calif., Sept. 11, 2018 /PRNewswire/ -- PingCAP, a leading distributed database company that created the popular cloud-native NewSQL database TiDB, announces a $50 million Series C funding round led by FOSUN and Morningside Venture Capital. All previous investors—China Growth Capital, Yunqi Partners, Matrix Partners China, and others—have also participated in this round. PingCAP plans to use this new capital to expand the TiDB ecosystem globally, build cross-cloud product offering, and invest in innovation of its core technology.

PingCAP Logo

"Since day 1, we have made it our mission to build a database of the future--one that helps enterprises unleash the power of their data creatively, anywhere in the world," says co-founder and CEO Max Liu. "With this new funding round, we will be one step closer to fulfilling that mission."

PingCAP's flagship product, TiDB, is a hybrid transactional and analytical processing (HTAP) database that powers both distributed transactions and real-time analytics. It features horizontal scalability, strong consistency, and high availability with MySQL compatibility, serving as a one-stop database solution for both OLTP (Online Transactional Processing) and OLAP (Online Analytical Processing) workloads.

"A new breed of database vendors, sometimes referred to as NewSQL databases, are coming on the scene with offerings blending operational and analytical processes, which has emerged as an appealing use case for many enterprises," says James Curtis, Senior Analyst, Data Platforms and Analytics at 451 Research. "PingCAP is among these NewSQL database vendors and is noted for its open source, modular-based database that enables hybrid operational and analytic processing to occur in a singular system."

As one of the leading open source HTAP databases in the industry, TiDB has been adopted by more than 300 companies, from banking and e-commerce, to fintech, gaming, and travel. Its distributed transactional key-value storage component, TiKV, was recently accepted as a Cloud Native Computing Foundation project.

"After three years of hard work, rapid product development, and cutting-edge engineering, PingCAP and its open source community have made the promise of an HTAP database a reality. We are excited to support the future growth of this amazing team," says Yonggang Cong, Vice President and Managing Director of FOSUN.

"The database industry has always been a competitive arena, and PingCAP has secured a prominent spot in this crowded field by becoming the go-to solution for many large-scale Internet companies and financial services enterprises in China," says Richard Liu, Managing Director of Morningside Venture Capital. "Thus, we are glad to grow with PingCAP and continue building the TiDB ecosystem together."

About PingCAP

PingCAP was founded in April 2015, and provides enterprise-level and cloud-based services and technology for TiDB, a cloud-native NewSQL database which the company began building since its inception. Its mission is to build a hybrid transactional and analytical processing database with global scalability, so companies can count on TiDB as its single unifying database solution, spend less time managing multiple databases, and more time delivering business value for their customers and users. PingCAP has a global customer base that includes Mobike, Bank of Beijing, Hulu, Lenovo, and Ele.me. For more information, visit: www.pingcap.com.

CONTACT: pr@pingcap.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/pingcap-raises-50-million-in-series-c-round-300709950.html

SOURCE PingCAP

Anzeige
Anzeige
Börse Stuttgart Anlegerclub

Fünf deutsche Internet-Aktien, die Sie kennen sollten!

Das Gute liegt oft so nah. Heimische Internet-Unternehmen rollen den Markt auf. Im neuen Anlegermagazin erwartet Sie ein Special über deutsche Internet-Aktien, die Sie kennen sollten.
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX deutlich leichter -- Wall Street im Minus -- China setzt Zölle auf Autoimporte aus den USA aus -- Scout24 prüft wohl Börsenrückzug -- Merck & Co, LEONI, Apple, ISRA VISION im Fokus

Wirtschaftsminister Altmaier erwartet 2019 keinen Konjunktureinbruch. Briten sollen künftig sieben Euro für visafreie Reisen in EU zahlen. Südzucker-Tochter CropEnergies erhöht die Prognose. Ausblick treibt die Anleger von Dr. Hönle in die Flucht. BMW-, VW- und Daimler-Aktien unter Druck infolge schwacher EU-Absatzzahlen. Bundesbank senkt BIP-Prognosen und sieht weiter Hochkonjunktur.

Top-Rankings

KW 50: Analysten-Flops der Woche
Diese Aktien stehen auf den Verkauflisten der Experten
KW 50: Analysten-Tops der Woche
Diese Aktien stehen auf den Kauflisten der Experten
Die Performance der TecDAX-Werte in KW 49 2018.
Welche Aktie macht das Rennen?

Die 5 beliebtesten Top-Rankings

Gut bezahlte Jobs
Bei diesen Top-Konzernen brauchen Bewerber keinen Abschluss
Diese Aktien hat Warren Buffett im Depot
Einige Änderungen unter den Top-Positionen
Ausgaben auf Rekordniveau
Die beliebtesten Weihnachtsgeschenke 2018
Das sind die reichsten Länder Welt 2018
USA nicht mal in den Top 10
In diesen Ländern ist Netflix am teuersten
Hier müssen Abonnenten tief in die Tasche greifen
mehr Top Rankings

Umfrage

Die Bahn hat den Fernverkehr am Montag wegen eines Warnstreiks bundesweit eingestellt. Haben Sie Verständnis für das Verhalten der Gewerkschaft EVG?

finanzen.net Brokerage

Online Brokerage über finanzen.net

Das Beste aus zwei Welten: Handeln Sie für nur 5 Euro Orderprovision* pro Trade unmittelbar aus der Informationswelt von finanzen.net!
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
Saint-Gobain S.A. (Compagnie de Saint-Gobain)872087
Deutsche Bank AG514000
Daimler AG710000
Amazon906866
Apple Inc.865985
CommerzbankCBK100
GAZPROM903276
Aurora Cannabis IncA12GS7
BASFBASF11
Wirecard AG747206
Volkswagen (VW) AG Vz.766403
Steinhoff International N.V.A14XB9
Scout24 AGA12DM8
TeslaA1CX3T
Allianz840400