Data Intelligence Company "MatrixOrigin" Closes Tens of Millions of Dollars in Angel+ Round | 5Y News
Explore the origins of the digital world.
MatrixOrigin recently announced the completion of a tens-of-millions-of-dollars angel+ round, led by Eastern Bell Capital, with follow-on investments from 5Y Capital, K2VC, and Cornerstone Capital. The entire proceeds will fund R&D for MatrixOne, a next-generation multi-engine converged heterogeneous database, and the development of its open-source community, alongside further investment in building out a global product and engineering team.
Decades of explosive growth in software and data have profoundly reshaped how societies produce and live. This has been accompanied by relentless innovation in IT products and technologies — particularly in the critical domains of data storage, processing, and analytics — where new challenges periodically emerge, and with them, new products and technologies to address them. While these innovations create tremendous value, they also fragment data, creating fresh obstacles for enterprises seeking to become more internet-native and intelligent.
The MatrixOrigin team will confront these challenges head-on, drawing fully on decades of accumulated experience, cultivating an open and inclusive open-source community, and integrating industry-leading advanced technologies to build an entirely new "data operating system" for the digital world — the MatrixOne multi-engine converged heterogeneous database. On one hand, it will leverage the infrastructure of the future, maximizing resource potential across public clouds, distributed clouds, and edge nodes. On the other, it will consolidate and abstract the complex requirements of data application systems, delivering a unified data engine that encompasses transactional, analytical, and stream processing capabilities. The "Store Anywhere, Compute Anywhere, Innovate Anywhere" one-stop data solution built on MatrixOne enables enterprises to complete digital transformation and intelligent upgrades efficiently and reliably.
Achieving this goal requires sustained effort and deep collaboration with open-source community developers and partners. We are also deeply grateful for the trust and strong support of our investors over the past six months, which is critical to realizing our vision and will significantly accelerate the adoption of MatrixOne's innovative technology across industries.
5Y Capital (formerly Morningside Venture Capital) currently manages approximately RMB 32 billion across USD and RMB dual-currency funds. 5Y Capital seeks out, supports, and inspires entrepreneurs who dare to stand alone, providing everything from moral support to full operational backing. We believe that if the world starts to believe in the "crazy" vision that others doubt, things will become truly interesting.
BEIJING · SHANGHAI · SHENZHEN · HONG KONG
