RisingWave Labs

RisingWave Labs is a cloud-native streaming database company founded by Yingjun Wu, who left AWS Redshift in early 2021 to build it . The company develops RisingWave, an open-source distributed SQL database designed for stream processing that is compatible with the PostgreSQL protocol and built in Rust with a storage-compute separation architecture . Its core pitch is drastically lower latency and cost compared to traditional batch processing systems—reducing delays from hours or days down to seconds or sub-seconds—while leveraging cloud infrastructure to avoid the complexity of JVM-based components .

Yunqi Capital led RisingWave Labs' seed round and has continued to back the company, which raised a $36 million Series A and formally open-sourced the project in 2022 . The team of 50+ employees is distributed across seven time zones, and while its commercial focus has been on North America, the founder has noted strong interest in China's market potential . The 1.0 release in July 2023 claimed performance gains of 10–30% over Apache Flink in stateless compute and up to 660x in stateful compute on standard benchmarks .