Aerospike Adds $32 Million Equity Round to Fuel Expansion

Aerospike, a provider of real-time NoSQL data solutions, has added a $32 million Series D fundraising round. The investment was led by Triangle Peak Partners LLC. Existing investors NewView Capital Partners, Alsop Louie Partners and Eastward Capital Partners participated in the round.

Aerospike provides a patented hardware-optimized NoSQL data platform for real-time transactional and AI/ML-based applications that require machine speed and machine scale. Aerospike’s data platform is used to power mission-critical real-time applications that protect millions of consumers from fraud, process instant payments globally, power massive ad networks and enable hyper-personal Customer 360 solutions.

Funding will be used to expand the company’s geographic presence, develop additional data infrastructure integrations, and grow enterprise partnerships. Aerospike has been growing more than 50% year-over-year and has maintained a customer retention rate in excess of 95% for more than 5 years. Recently, Aerospike says, Verizon Media selected its data platform to consolidate and streamline its real-time, extreme-scale digital data infrastructure.

“Companies are on a journey to convert unprecedented amounts of data into intelligence and push it from the core to the edge and gain a competitive advantage,” said John Dillon, CEO of Aerospike. “Aerospike is the critical real-time data platform in a new stack of technologies underpinning this sea change, and our footprint continues to aggressively expand within enterprises as real-time transactions and analytics become more pervasive and mainstream.”

As part of this investment, Triangle Peak Partners co-founding partner Dain DeGroff and NewView Capital operating partner Tim Connor will join Aerospike’s board of directors.

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