NoSQL database Aerospike today announced that it has raised a $100 million Series E round led by Sumeru Equity Partners.
In 2022, Aerospike added document support and then followed that up with graph and vector capabilities — two database features that are crucial for building real-time AI and ML applications.
“We were founded primarily as a real-time data platform that can work with data at really high scale, or, as we call it, unlimited scale,” Aerospike CEO Subbu Iyer said.
So our premise has held good that real-time data and real-time access to data is going to be important pretty much across every industry.
“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.”
The long-running dearth of IPOs could be coming to a close, partly due to Reddit’s upcoming public debut.
Expected to list this month, Reddit saw its valuation soar during the pandemic.
If Reddit’s IPO does well, it could wiggle open the public-offering window just a little bit wider than we’ve seen in quarters and quarters.
Of course, the public offering could also fizzle out like an unpopular opinion downvoted to hell on the site.
But with an AI-friendly growth story to tell, Reddit may have timed its ramp towards the public markets just right.
It’s no surprise that after ten years, Parachute, the home lifestyle brand, stands as the dust settles from the direct-to-consumer boom.
Founded by Ariel Kaye in 2012, Parachute has developed a loyal customer base because of its high-quality bedding, towels, and robes.
Naturally, TechCrunch wanted to see what it has been like managing the DTC boom these past few years and brought Kaye onto our podcast Found to chat about it.
“From the moment we launched, we just kept hearing, ‘I’ve been waiting for a brand like this,” she told us.
She learned to manage logistics, hire a team, and find a network of other entrepreneurs who could support her during the highs and lows of — wait for it — being a solo founder.
Shadowfax, one of the largest logistics service providers to hyper-local and on-demand delivery businesses in India, has raised $100 million in a new funding round as it clocks an yearly growth of 35%.
Shadowfax says it makes over 2 million packages delivery each day and has amassed over 3.5 million registered users.
Shadowfax operates a logistics and delivery network of over 125,000 monthly active delivery personnels, and works with numerous firms including Flipkart, Meesho and many direct-to-consumer brands.
Shadowfax is Mirae Asset’s first investment in India and the venture firm has participated in each subsequent round.
“We believe that logistics is fundamental to ecommerce and hyperlocal commerce and that it enables the growth of these markets.
A couple years ago, when the pandemic was still in full swing, Raj Kapoor and Josh Felser started making some investments in climate tech startups.
Things must have gone well, because now they’re jumping in: The firm today said it has closed a $65 million inaugural fund, using it to back founders who are starting climate tech software companies.
Felser founded Spinner in 1997 (sold to AOL) and Crackle in 2004 (sold to Sony).
He also started the #Climate nonprofit in 2014 and a public-private COVID task force during the pandemic.
Those experiences, coupled with a growing concern for the state of the Earth’s climate, led the two to form Climactic.
Tesla is always fighting for market share with their aggressive price cuts, and China has been a major driving force behind this. However, with domestic carmakers gradually catching up Tesla…
Already, many of the largest companies in the world are researching and employing artificial intelligence. These large businesses view AI as a key component of their future growth prospects, and…
The buy now, pay later space was once a thriving place for consumers. However, as inflation and interest rates climbed, players in the space have had to deal with increased…
