World Commerce Ventures Leads $45 Million Funding in SQream

Israeli GPU-accelerated analytics startup, SQream, secured a $45 million Collection C funding spherical led by World Commerce Ventures. Collaborating buyers included Schusterman Investments, George Kaiser Basis (Atento Capital), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings. This marks SQream’s fourth funding spherical, bringing their whole capital raised to over $118 million.

Based in 2010 by Ami Gal (CEO) and Razi Shoshani (CTO), SQream provides a GPU-accelerated SQL database designed for tera-to-peta-scale information. It provides unparalleled velocity, effectivity, and scalability, permitting companies to achieve sooner insights at a fraction of the fee, particularly for AI and Machine Studying purposes.

SQream’s expertise reduces information ingestion occasions by 90%, preparation occasions by 90%, and operational prices by 80%, all whereas leveraging SQL processes. The corporate’s GPU-based method augments computational energy and in addition considerably reduces the carbon footprint and power consumption in comparison with conventional CPU-based options.

SQream’s clientele spans a number of sectors, together with semiconductors, manufacturing, telecom, monetary companies, and healthcare.

This funding announcement comes on the heels of SQream’s latest strategic growth, together with its partnership with the Samsung Cloud Platform Ecosystem and the appointment of Deborah Leff, former World Head of Enterprise Analytics Gross sales at IBM, as Chief Income Officer.

SQream acquired Israeli no-code cloud information platform startup Panoply again in December 2021.

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