Data solution developer Aerospike has raked in $32m for its Series D round which will help to expand its international presence.
Californian investment firm Triangle Peak Partners led the round, with participation also coming from previous Aerospike backers NewView Capital Partners, Alsop Louie Partners and Eastward Capital Partners.
Following the close of the round, the FinTech is looking to grow its geographic presence, create new data infrastructure integrations and seek further enterprise partnerships.
Aerospike offers a NoSQL data platform which boasts real-time transactional, and AI and machine learning applications. The system can be used to protect consumers from fraud, process payment instantly, power ad networks and enable hyper-personal customer 360 solutions.
Financial institutions can use Aerospike to improve their fraud prevention, digital payments, identity resolution, intraday trade stores, algorithmic trading, and risk modelling and analysis.
Aerospike CEO John Dillon said, “Companies are on a journey to convert unprecedented amounts of data into intelligence and push it from the core to the edge and gain a competitive advantage.
“Aerospike is the critical real-time data platform in a new stack of technologies underpinning this sea change, and our footprint continues to aggressively expand within enterprises as real-time transactions and analytics become more pervasive and mainstream.”
The company has seen a 50% year-over-year growth rate, it claims.
As part of the deal, Triangle Peak Partners co-founder Dain DeGroff and NewView Capital operating partner Tim Connor will join Aerospike’s board of directors.
Copyright © 2019 FinTech Global
