Kyligence, originator of Apache Kylin and a leader in intelligent data analytics, announced the company has closed $70 million in Series D funding to continue powering its global expansion and rapid customer adoption.
This funding round attracted global investment management organizations, including the round’s lead investor, SPDB International. New investors Alpha Square Group, CICC, Gopher Asset Management, Shanghai Growth Capital, PUXIN Capital, and Jumbo Sheen Group also participated in the round. The round included follow-on investments from existing investors Eight Roads Ventures (the proprietary investment arm of Fidelity International Limited), Redpoint and Shunwei Capital.
With this investment, Kyligence will keep fueling its rapid growth in research and development of its products to support innovative cloud-native and machine learning advances.
The next-generation enterprise-grade data platform provided by Kyligence, will assist enterprises to realize future-oriented digital transformation, thereby improving the capability and efficiency of data management and analytics.
“Today’s cloud data warehouses and data lake analytics are struggling to deliver cost effective analytics as data and user volumes explode,” said Luke Han, co-founder and CEO of Kyligence. “Kyligence can vastly improve the economics of these platforms via our cloud-native architecture and AI-augmented operations. Coupled with a Unified Semantic Layer, Kyligence customers can expect unprecedented performance and concurrency at the least possible cost. Our investors understand that our commitment to this kind of innovation, customer focus, and cost control for cloud analytics has us moving in the right direction.”
Kyligence was founded in 2016 by the creators of Apache Kylin, a leading open-source OLAP big data project.
The Apache Kylin project was started at eBay’s China Center of Excellence (CCOE) in Shanghai, China and contributed to Apache Software Foundation (ASF) in 2015.
The Kyligence platform simplifies the deployment of massive interactive analytics in the cloud by providing unified data semantics and automated data processing and aggregation across a wide range of use cases with its patented AI-Augmented operations.
For more information about this news, visit https://kyligence.io/.