TigerGraph has announced a new Series C funding round worth $105 million according to a press release on the company’s website. The funding brings TigerGraph’s total raised to more than $170 million since its founding in 2012. The round was led by Tiger Global. The news comes on the heels of TigerGraph unveiling version 3 of its flagship graph database in March of last year. The featured product enhancement in this version includes the ability to run graph queries using drag-and-drop functionality so non-technical users can benefit from advanced graph analytics.
TigerGraph offers a graph database platform for enterprise applications. The product supports real-time deep link analytics for organizations with large data volumes. TigerGraph can be utilized for applications like IoT, AI, and machine learning to make sense of changing big data. The solution also provides personalized recommendations, fraud prevention, supply-chain logistics, and company knowledge graph.
It’s been a banner year for TigerGraph as the Redwood City-based data management provider has been named to several major analyst reports. The company was included among market leaders in Forrester Research’s Forrester Wave for Graph Database Platforms, Q4 2020. In addition, the vendor was named a Cool Vendor in Data Management by Gartner, Inc. in May. TigerGraph was also included in Constellation’s ShortList for Hybrid-Cloud and Multi-Cloud NoSQL Databases for Q1 2021.
In a media statement, TigerGraph CEO Dr. Yu Xu said “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.”
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