California based graph database and analytics platform startup TigerGraph today announced that it has raised $105 million in Series C funding. The funding cycle was led by Tiger Global, bringing the total funding for the corporation to more than $170 million. The startup has raised the largest amount for a Graph Analytics company, before this Hitherto, raised $80 million in 2018 by Neo4J in Series E funding round was the largest investment.
The company says it will bring product R&D, including the upcoming TigerGraph Cloud Google Cloud Platform, along with extensive support on Amazon Web Services and Azure. TigerGraph's existing clients include Amgen, Citrix, Intuit, Jaguar, Land Rover and UnitedHealth Group. Using a SQL-like query language (GSQL), these clients can use the company's services to rapidly store and query their graphical databases. With local support in Asia, Australia, and New Zealand, Company is also planning to expand its reach as it scales up with additional recruitment in the Americas, Europe, the Middle East and Africa, and Asia-Pacific.
Recently, TigerGraph launched a free tier of its graph database service that allows customers to store up to 50 GB of data in an on-site database, matching what it has already offered in the cloud. The promise of the enterprise's database services is that they can extend to tens of terabytes of data with billions of borders. Like so many other companies in this sector, TigerGraph is facing a wind through the fact that many companies accelerated their digital transformation plans during the pandemic.