ArangoDB has secured a EUR2.2 million investment led by Munich-based venture capital firm Target Partners.
ArangoDB develops the open-source NoSQL database ArangoDB, which combines three major data models (graph, key/value, JSON-documents) in one database and one query language.
ArangoDB’s product allows start-ups and enterprises to speed up their innovation cycles, simplify their technology stack and increase on-time and on-budget delivery of software projects.
Claudius Weinberger, co-founder and CEO, says: “The previous funding round allowed us to build a rock-solid product and with this additional investment we can further accelerate our growth and expand internationally.”
Kurt Müller, partner at Target Partners says: “Modern applications increasingly need high-performance access to a variety of different types of data. ArangoDB’s innovative ‘multi-model’ approach uniquely combines data flexibility with high performance. The company’s rapid growth is a testament to the large and growing need for such a product.”
