SQream Raises $39.4 Million in Latest Funding Round

SQream, provider of a data analytics acceleration platform, has raised $39.4 million in Series B+ funding to accelerate technology advancements.

The round was led by Mangrove Capital Partners and Schusterman Family Investments, who joined existing investors, including Hanaco Venture Capital,, World Trade Center Ventures, Blumberg Capital, Silvertech Ventures and Alibaba Group (NYSE: BABA).

The proceeds of the investment will be used to recruit top talent to accelerate advancements in the Company's technology and cloud innovation, and customer delivery platforms to better serve worldwide demand.

This round of financing further underscores both the company’s existing and new investors’ confidence in SQream, and the team’s ability to deliver business critical innovation to leading global enterprises.

SQream's data acceleration platform enables the fastest available analysis of hundreds of terabytes to petabytes of raw data from Hadoop or other data warehouses and databases.

With SQream in their data pipeline, enterprises gain unrestricted access to their data, and are free to focus on uncovering new business powering insights.

“From the very beginning, our vision has been to enable enterprises to analyze more of their data much faster, providing better, more accurate and comprehensive business insights," said Ami Gal, CEO and co-founder of SQream. "We have made our vision a reality by continuously improving our product, and by investing in top developers who enjoy the challenge and motivation of deep tech product innovation."

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