MaHui | Graph Database Developer "Yueshu Technology" Closes Tens of Millions of Dollars in Series A Funding, Existing Investor Source Code Capital Continues to Increase Stake
Providing stable, efficient foundational internet technology services for global enterprises.
#CodeMoment Key Updates from Source Code Capital and MaHui Members
Recently, Hangzhou Vesoft Co., Ltd. (hereinafter referred to as "Hangzhou Vesoft"), a well-known domestic graph database developer, announced that it has raised tens of millions of dollars in Series A funding — led by Jeneration Capital, with existing investors Source Code Capital, Matrix Partners China, and Redpoint China Ventures all increasing their stakes. Source Code Capital led the Pre-A+ round.
The proceeds will be used to continue investing in the R&D of its distributed graph database NebulaGraph, building more stable and efficient data storage and graph computing infrastructure for enterprises. NebulaGraph has already obtained ISO27001, ISO9001, and CMMI3 certifications, passed the graph database basic capability evaluation and graph computing platform basic capability evaluation by the China Academy of Information and Communications Technology / China Telecommunication Technology Labs, and officially joined the Linked Data Benchmark Council (LDBC) this year to participate in setting graph data industry standards.
As the fastest-growing database category of the past decade, graph databases have a natural advantage in handling complex relationships, with exceptionally strong market performance in massive data and many-to-many complex entity relationship scenarios, as well as in integration with cloud computing, AI, IoT, and other emerging technologies. Chen Runze of Source Code Capital commented: "Throughout our journey with Hangzhou Vesoft, we've observed rapid and positive changes in the graph database industry: enterprises are increasingly deploying graph databases in production environments; graph databases are increasingly viewed as standalone infrastructure products; and users are placing greater emphasis on performance, cost, ease of use, and maintainability — all of which represent significant opportunities for Vesoft. Hangzhou Vesoft has been committed to developing next-generation graph database products on cloud computing infrastructure, with a firm embrace of open source and community. We believe Hangzhou Vesoft will become a valued partner for more enterprises seeking to unlock the value of their data."
Meanwhile, NebulaGraph has begun exploring commercialization and global expansion. To discover more application scenarios for graph technology in production environments, NebulaGraph has actively partnered with ecosystem players, providing them with graph database infrastructure capabilities to enable rapid deployment for end users. This initiative is named the "Fellow Travelers Program," and as of June this year, over 20 enterprises have signed on, releasing multiple joint solutions including real-time financial anti-fraud, futures investment research integration, and intelligent operations platforms.
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