TigerGraph Attains $105 Million in Funding to Supercharge the Graph Database Market

TigerGraph, provider of a leading graph analytics platform, announced it has raised $105 million in Series C funding, empowering the company to innovate to better support its customers.

According to the vendor, this is the largest funding round to date within the graph database and analytics market. The round was led by Tiger Global and brings TigerGraph’s total funding raised to over $170 million.

The funding will also allow the company to expand its global reach with local support in Asia and Australia/New Zealand.

Meanwhile, the company will scale up with additional hiring in the Americas, EMEA, and APAC to meet increased product demand.

The investment reflects TigerGraph’s growth and its potential as businesses continue to move to the cloud. With the transactional and analytical workloads moving to the cloud made possible by companies like Snowflake, Confluent, and Databricks, TigerGraph is quickly becoming the graph database of choice to connect, analyze, and learn new insights from the data.

With its distributed native graph architecture, TigerGraph helps organizations scale fast and analyze many different aspects of data to be used with each other to form new models and generate new insights.

These new patterns and insights enhance a company’s analytics or machine learning capabilities and can be deployed anywhere with multi-cloud flexibility and support the data security requirements for regulatory compliance.

“TigerGraph’s mission is to power an enterprise brain with graph and AI that discovers these new insights within the enterprise data stored in the cloud and on-prem,” said Dr. Yu Xu, founder and CEO of TigerGraph. “TigerGraph is leading the paradigm shift in connecting and analyzing data via scalable and native graph technology with pre-connected entities versus the traditional way of joining large tables with rows and columns. This funding will allow us to expand our offering and bring it to many more markets, enabling more customers to realize the benefits of graph analytics and AI.”

TigerGraph’s innovation has been recognized with several recent industry awards and accolades including:

  • TigerGraph was recognized as a Leader by Forrester Research in The Forrester Wave: Graph Data Platforms, Q4 2020 report.
  • TigerGraph was named a “Cool Vendor” in Gartner’s May 2020 Cool Vendors in Data Management report.
  • TigerGraph was honored by Tech Breakthrough as “one of the best companies, products, and services in this new era of digital data.” TigerGraph’s graph database and analytics platform was selected for the Graph DBS Solution of the Year Award.
  • TigerGraph was included in Constellation’s ShortList for Hybrid-Cloud and Multi-Cloud NoSQL Databases for Q1 2021.

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