KUALA LUMPUR, Feb 22 (Bernama) -- TigerGraph, provider of the leading graph analytics platform, has announced raising US$105 million in Series C funding, the largest funding round to date within the graph database and analytics market. (US$1 = RM4.036)
The round was led by Tiger Global and brings TigerGraph’s total funding raised to over US$170 million. Already, TigerGraph has a presence in China and is opening offices in Singapore and Indonesia.
“The Asia Pacific digital economy continues to grow, and we are seeing increased regional demand. To tap this potential and to better serve our customers in the region, we will be opening offices in Singapore and in Indonesia.
“TigerGraph’s initiatives in Asia will be led by Joseph (Joe) Lee, an enterprise software sales and business veteran, as Vice President, Asia Pacific and Japan. We are expanding at the speed of business and are actively hiring for key positions in Asia,” said TigerGraph COO, Todd Blaschka in a statement.
“Our mission is to help governments, businesses and people to unlock the power of their data and drive actionable, real-time insights-driven decision-making.”
According to TigerGraph founder and CEO, Dr Yu Xu, TigerGraph’s mission is to power an enterprise brain with graph and AI that discovers new insights within the enterprise data stored in the cloud and on-prem.
“TigerGraph is leading the paradigm shift in connecting and analysing 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 realise the benefits of graph analytics and AI.”
TigerGraph, headquartered in Redwood City, California, USA is a platform for advanced analytics and machine learning on connected data.
-- BERNAMA
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