PingCAP, the open-source software program developer finest recognized for NewSQL database TiDB, has raised a $270 million Collection D. TiDB handles hybrid transactional and analytical processing (HTAP), and is geared toward high-growth corporations, together with fee and e-commerce providers, that have to deal with more and more giant quantities of knowledge.
The spherical’s lead buyers had been GGV Capital, Entry Expertise Ventures, Anatole Funding, Jeneration Capital and 5Y Capital (previously generally known as Morningside Enterprise Capital). It additionally included participation from Coatue, Bertelsmann Asia Funding Fund, FutureX Capital, Kunlun Capital, Trustbridge Companions, and returning buyers Matrix Companions China and Yunqi Companions.
The funding brings PingCAP’s whole raised to date to $341.6 million. Its final spherical, a Collection C of $50 million, was introduced again in September 2018.
PingCAP says TiDB has been adopted by about 1,500 corporations the world over. Some examples embody Sq.; Japanese cellular funds firm PayPay; e-commerce app Shopee; video-sharing platform Dailymotion; and ticketing platfrom BookMyShow. TiDB handles on-line transactional processing (OLTP) and on-line analytical processing (OLAP) in the identical database, which PingCAP says leads to sooner real-time analytics than different distributed databases.
In June, PingCAP launched TiDB Cloud, which it describes as fully-managed “TiDB as a Service,” on Amazon Internet Companies and Google Cloud. The corporate plans so as to add extra platforms, and a part of the funding might be used to extend TiDB Cloud’s world consumer base.