Splice Machine, which provides a data platform for operational AI has closed $16 million in additional funding led by GreatPoint Ventures.
Unlike relational databases and Hadoop distributions, the Splice Machine operational AI data platform is scalable, real-time, AI-powered, and easy-to-use. It combines the functionality of a relational database, data warehouse, and machine learning in one unified platform. Splice Machine can be deployed on-premise or in the cloud, and is built on open source technology.
Accenture Ventures also joined this round. Additional participants in the round include Allen Miner, CEO of the SunBridge Group, who was responsible for founding Oracle Japan, Salesforce.com Japan, and Concur Japan.
The new round brings Splice Machine's total funding to $58 million to date, and follows a year of record growth in which the company tripled its revenues and customer counts since its last financing with customer wins in the financial services, healthcare, supply chain, and energy industries.
Splice Machine plans to use the funding to further innovate its data platform, expand its global go-to-market team, and grow its distributed engineering and customer success teams across the U.S. and around the world.
Splice Machine will also invest in its new partnership with Accenture to meet the increased global demand for operational AI platforms and large-scale digital transformation.
"The speed and quality of decision making is the most potent weapon in the corporate arsenal today," said Monte Zweben, co-founder and CEO of Splice Machine. "Whether humans or machine learning models are making the decisions, access to the data and computation must be blazingly fast. Splice Machine removes latency from applications to speed high-quality decision-making with an integrated data platform, enabling enterprises to make intelligent decisions in mission-critical applications."
For more information on Splice Machine, visit www.splicemachine.com.