Express Computer
Home  »  News  »  BangDB raises bridge funding round from Ten Innovate

BangDB raises bridge funding round from Ten Innovate

0 180

BangDB, an AI based Converged NoSQL database technology, has announced that it has closed a bridge funding round led by Ten Innovate. The financing comes after impressive growth in 2021 with large user adoptions coupled with competitive wins at enterprise level both in accounts and partnerships. BangDB will use the funds in product development along with new sales channels and initiatives, which will be announced in the coming weeks.

The funding comes on the heels of the release of BangDB 2.0 in November 2021.  The release added Graph features along with REST API support for AI, streaming and document database for IOT and other real-time high performance data analytics use cases. The successful financing reflects a more than 120K plus active users for BangDB across different verticals and with several key account additions and high profile partnership forging during 2021. BangDB has also been rated as the highest performing NoSQL database by the YCSB benchmarking putting it ahead by 2X+ over the competitors.

“Since the 2.0 release of BangDB last December, BangDB’s growth has been remarkable. The bridge funding has come at an opportune time and will be used for research and product development along with enhancing the user base for BangDB coupled with establishing new sales channels to allow us to win high profile enterprise accounts,” said Sachin Sinha, Founder and CEO, BangDB. 

“We are a set of professionals who are part of the Oracle family who invest in Entrepreneurs from the Oracle family, for the purpose of promoting entrepreneurship among our community. We see association with BangDB as a great growth opportunity in the Enterprise software solutions space coming out of India, as that’s really uncommon. Great to partner with Venture East, a fund we really admire for the support to their portfolio companies. We are thrilled to be working with the BangDB team,” said Rajeev Shroff, Founder, Ten Innovate.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image