Company

PingCAP

PingCAP is a Beijing-based enterprise open-source distributed database company founded in 2015 by Liu Qi (刘奇), Dongxu Huang (黄东旭), and Cui Qiu, who previously worked together at Wandoujia . Its core product is TiDB, an open-source distributed relational database designed to solve horizontal scalability challenges in traditional relational databases while maintaining ACID compliance and supporting real-time HTAP (Hybrid Transactional/Analytical Processing) workloads .

The company has taken an explicitly global and open-source-first path from day one. TiDB has accumulated 10,000+ stars on GitHub and attracted over 150 global contributors as of 2017 , with the project later recognized by Gartner as the fastest-growing vendor in the global database management systems market in 2023, posting 97.9% growth that outpaced Snowflake, ClickHouse, and Cockroach Labs . By 2024, TiDB was deployed in production environments approaching petabyte scale with peak QPS of 1,000,000 in China, and the company had added nearly 100 new paying customers across the US, Japan, India, Singapore, Indonesia, and Thailand .

PingCAP's funding history includes a $15 million Series B in 2017 led by China Growth Capital with FreeS Fund participating , and a $270 million Series D in 2020 co-led by GGV Capital, Access Technology Ventures, Anatole Investment, Jeneration Capital, and 5Y Capital, with follow-on from Coatue, BAI, Matrix Partners China, and Yunqi Capital among others . Yunqi Capital, which led PingCAP's Series A in 2016, has been a particularly vocal backer, with partner Chen Yu (陈昱) describing it as China's first open-source unicorn . The company has also built strategic cloud partnerships with Alibaba Cloud , Amazon Web Services (as its preferred cloud provider) , and Yum China for joint laboratory work on distributed database applications in the restaurant industry .

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