ArangoDB, an open source native multi-model database, has raised $10 million in a Series A financing, led by Bow Capital, that 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.
The company will continue to build-up community support, marketing, human resources as well as sales in Silicon Valley. The main software and product development will continue to be driven from Cologne, Germany.
Additionally, ArangoDB has moved its headquarters to the U.S. to better service its fastest-growing market. As part of the investment, Bow Capital Advisor Murat Sönmez, a former EVP of Global Field Operations at TIBCO and Managing Director at the World Economic Forum, joins ArangoDB’s board of directors. Existing investor Target Partners also participated in the round, bringing ArangoDB’s total financing to $17 million.
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.
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. 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.
“Developers should use the right data model for the right job. 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. “With our latest round of financing, we plan to continue to innovate, grow our global customer base, and double-down in the U.S. -- which continues to be our fastest-growing market.”
For more information about this news, visit www.arangodb.com.