Gunderson Dettmer represented client Aerospike, a real-time database built for infinite scale, speed and savings, in its $109 million Series E financing led by Sumeru Equity Partners. Aerospike helps organizations to ensure they are ready for what’s next with its lowest latency and highest throughput data platform. The company will use the new capital to accelerate its innovations around AI.

In the announcement of the transaction, Aerospike CEO Subbu Iyer said, “We were founded primarily as a real-time data platform that can work with data at really high scale, or, as we call it, unlimited scale. We’ve been fortunate enough that a lot of our customers have either started their journey at scale with us, or started the journey earlier and grown into the platform. So our premise has held good that real-time data and real-time access to data is going to be important pretty much across every industry. Our founding principles were really to deliver real-time performance with data at any scale, and the lowest [total cost of ownership] on the market.”

The Gunderson Dettmer deal team was led by Brian Willbur and included Michelle Lee and Ben Adler.

Companies
Aerospike
Sumeru Equity Partners