Company

PingCAP

PingCAP is an enterprise-grade open-source distributed database vendor founded in 2015, built around its flagship product TiDB, a cloud-native distributed database with HTAP (Hybrid Transactional/Analytical Processing) capabilities . The company was co-founded by Liu Qi, Dongxu Huang (who serves as co-founder and CTO), and Cui Qiu . From its inception, PingCAP positioned itself as a globalized Chinese database company, launching overseas expansion in 2017 .

TiDB has become one of the world's most active open-source database projects, ranking first on the Modb China database popularity index and serving over 3,000 enterprise users across financial services, telecom, manufacturing, retail, and government sectors as of late 2022 . In 2023, Gartner data showed PingCAP achieving 97.9% growth, making it the fastest-growing vendor in the global database management systems market—surpassing Snowflake, ClickHouse, and Cockroach Labs . The company has also been recognized as the only Chinese vendor in Forrester's "Strong Performers" quadrant for Translytical Data Platforms , and the only Chinese company named a Gartner Peer Insights "Customers' Choice" in cloud databases .

Yunqi Capital led PingCAP's Series A in 2016 and has continued to invest in subsequent rounds , while 5Y Capital also appears as a significant investor based on its frequent coverage of the company's milestones .

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