SQream Closes $26.4 Million in Strategic Series B Round

GPU database developer SQream closed $26.4 million in Series B funding. The latest round was led by Alibaba Group, with participation from existing and new investors Hanaco Venture Capital, Sistema.vc, World Trade Ventures, Paradiso Ventures, Glory Ventures, and Silvertech Ventures.

According to the company, its SQream DB is a SQL analytical database that enables companies to analyze up to 20 times more data, up to 100 times faster, at as little as 10% of the cost and administration using parallel processing cores in NVIDIA GPUs. The solution is designed to allow users to ingest, store, and analyze terabytes of data with reduced infrastructure and manpower resources, resulting in power and flexibility to explore and analyze data.