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MOUNTAIN VIEW, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Aerospike, Inc. (“Aerospike”) today announced that second quarter 2024 recurring revenue surged by 51% on a year-over-year basis — fueled by the widespread demand for affordable, scalable, and accurate real-time AI.
Earlier this year, Aerospike closed a $114M investment to support company growth and meet market demand. DB-Engines currently ranks Aerospike as the second most popular vector database and the third most popular graph database. Aerospike lets users pick the best data model for the job with one massively scalable database that handles vector search, key-value, and graph applications while still running on 80% less infrastructure than legacy or point solutions.
“Companies are racing to deploy AI but are quickly finding that ingesting and managing the massive amounts of data they need for accurate real-time decisions is very expensive at scale,” said Subbu Iyer, CEO of Aerospike. “Our customers lead their industries with some of the most successful, cost-effective AI deployments, and more organizations are turning to Aerospike to start and scale up their AI initiatives.”
Year-to-Date Milestones and Highlights
About Aerospike
Aerospike is the real-time database built for infinite scale, speed, and savings. Our customers are ready for what’s next with the lowest latency and the highest throughput data platform. Cloud and AI-forward, we empower leading organizations like Adobe, Airtel, Criteo, DBS Bank, Experian, PayPal, Snap, and Sony Interactive Entertainment. Headquartered in Mountain View, California, our offices include London, Bangalore, and Tel Aviv.
Aerospike is a registered trademark of Aerospike, Inc.
Contact:
John Moran
Look Left Marketing
aerospike@lookleftmarketing.com