However, maximizing the full value of this data often requires multiple data models, each of which typically requires a separate database - known as polyglot persistence. With the rise and evolution of NoSQL databases, developers have more flexibility than ever before when it comes to what they can do with their data. The main software and product development will continue to be driven from Cologne, Germany. The company will continue to build-up community support, marketing, human resources as well as sales in Silicon Valley.
ArangoDB's Series A investment will allow it to accelerate product development and revenue growth by further expanding its engineering and sales teams to more heavily support its customers and community in the U.S. More than 500 organizations worldwide, including Airbus, Barclays, SAP Concur, and Thomson Reuters, leverage ArangoDB's multi-model database in production for flexible, streamlined application development.
Existing investor Target Partners also participated in the round, bringing ArangoDB's total financing to $17 million. As part of the investment, Bow Capital Advisor Murat Sonmez, a former EVP of Global Field Operations at TIBCO and Managing Director at the World Economic Forum, joins ArangoDB's board of directors. to better service its fastest-growing market. ArangoDB, the leading open source native multi-model database, today announced it has raised $10 million in a Series A financing led by Bow Capital, and has moved its headquarters to the U.S.
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