Dremio, the company behind open source Apache arrow and GANDIVA projects, and a commercial data lake engine / data virtualization platform, based on both, announce this morning that it has raised $ 70 million in a Series C funding round. NoSQL player aero spikemeanwhile launched its Aerospike Cloud offering on Tuesday. Not bad in the week when Coronavirus and COVID-19 are raging.
We have money
Dremio’s new round of funding was led by Insight Partners and includes investor participation in previous rounds, including Lightspeed Venture Partners. Redpoint Ventures. Norwest Venture Partners , and Cisco Investments. It comes on the heels of a year in which Dremio says it grew its annual recurring revenue (ARR) over 3.5 times. Lightspeed seems duly impressed by the momentum in the data analytics market and the role of Dremio’s platform within it: “Dremio addresses the key challenges businesses face with data moving to the cloud in rapidly rising volumes,” said Teddie Wardi, CEO of Insight Partners.
I talked to the CEO Billy Bosworth, who took the helm at Dremio just last month, after serving eight and a half years as CEO of DataStax. I explained that the biggest area of investment for the new funding will be engineering. Specifically, Bosworth said, improving usability and adding automation that will reduce time-to-value for Dremio customers will be key areas of focus.
Despite the coronavirus’s impact on the economy and employment levels, Dremio is not shutting anyone down. On the contrary, with the new funding, Dremio hires new team members in all areas of the business except for account managers, and even these roles will tend to when the virus’s period of disruption has lapsed.
Dremio’s platform delivers in-memory accelerated query and a self-service semantic layer directly against data storage. Supported storage platforms include Amazon Web Services’ Simple Storage Service (S3). Microsoft Azure Data Lake Storage (ADLS), and on site Hadoop Distributed File System (HDFS) Implementations.
Aerospike reaches the cloud
Meanwhile, Aerospike, a NoSQL vendor focused on real-time applications, announced the launch of its cloud-off earlier this week.
While implementing Aerospike’s public cloud platform was possible before, Aerospike Cloud will provide customers with all the necessary building blocks to implement it in a more database-like service (DBaaS) -like manner.
Aerospike Cloud is aimed Cloud Native Computing Foundation standards and enabled by the now-almost ubiquitous Kubernetes (K8s) container orchestration platform. Specifically, it includes a custom K8s aerospike operator, Helm charts and integration with Prometheus and Grafana. Aerospike Founder and Chief Product Officer Srini Srinivasan told me that the architecture and design of Aerospike Cloud was informed of extensive work undertaken by the company with customers implementing to standard Aerospike offerings for the cloud on their own.
Initially, the Areospike Cloud will be addressed Google Cloud and specifically Google Kubernetes Engine (GKE). Srinivasan said Aerospike and Google Cloud share a number of customers, so starting with GKE made the most sense. But since the K8’s ethos itself is portability, extension to Azure Kubernetes Service (AKS) and AWS ‘ Elastic Kubernetes Service (EKS) seems like a non-huge stretch. Aerospike Cloud will be available in the second quarter of this year.
With a Q2 launch, it looks like Aerospike will be productive for the next three months as they prepare for its cloud offering. and Aerospike virtual summit will take place from May 12 to May 14 in lieu of the company’s annual live event.
For companies in other industries, the period March-May 2020 can be one of sub-optimal productivity. But most tech companies have worked from home / distributed workforce stuff. And whether it’s raising a new round of funding or launching a core platform cloud offering, a global lockdown isn’t going to stop data companies from innovating and getting things done.