Distributed Database Company PingCAP Raises $50M, Plans To [...]


Distributed Database Company PingCAP Raises $50M, Plans To Expand Globally


Sep 14, 2018 - PingCAP, a distributed database company that created cloud-native NewSQL database TiDB, has announced a $50 million Series C funding round led by FOSUN and Morningside Venture Capital. All previous investors – China Growth Capital, Yunqi Partners, Matrix Partners China, and others – have also participated in this Series C financing round.

PingCAP's flagship product, TiDB, is a hybrid transactional and analytical processing (HTAP (en.wikipedia.org)) database that powers both distributed transactions and real-time analytics. It features horizontal scalability, "strong consistency, and high availability" with MySQL compatibility, serving as a one-stop database solution for both OLTP (Online [...][... Check source for end of article ...]
Tags: Cloud Hosting News 451 research cloud database HTAP James Curtis Richard Liu

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