SQream develops a GPU-accelerated SQL analytics platform designed to process and query very large datasets for enterprise use. Its product targets verticals such as semiconductors, manufacturing, telecoms, financial services and healthcare, and its disclosed customers include Orange, Samsung, LG, Alibaba and PubMatic. The company claims significant performance and cost advantages, stating it can analyze up to 20x more data and up to 100x faster (and more recently claims up to 90% reductions in ingestion and preparation times, footprint, and up to 80% cost reductions). SQream acquired Panoply in 2021 to expand connectivity to hundreds more data sources. The team originated in 2010 and leaned on Nvidia GPUs early to enable parallel processing for BI, ML and AI workloads. Future plans noted by management include doubling down on North American growth and R&D to explore next-generation processors (optical, quantum and others). SQream develops and markets SQream DB, a data analytics acceleration platform designed to enable enterprises to analyze massive data stores. SQream DB is available both on premise and in the cloud and is used by global enterprises to scale the amount of data they analyze to hundreds of terabytes and more. The company is led by CEO and co-founder Ami Gal and is based in Tel Aviv, Israel. SQream raised $39.4M in a Series B+ funding round. The round was led by Mangrove Capital Partners and Schusterman Family Investments, with participation from existing investors including Hanaco Venture Capital, Sistema VC, World Trade Center Ventures, Blumberg Capital, Silvertech Ventures and Alibaba Group. The company intends to use the funds to recruit talent and to accelerate advancements in technology, cloud innovation, and customer delivery platforms; in conjunction with the financing Charlie Federman (Silvertech) and Roy Saar (Mangrove) joined SQream’s board. SQream develops SQream DB, an SQL analytical database that leverages thousands of parallel processing cores in NVIDIA GPUs to speed large-scale data analytics. The company says customers can analyze up to 20x more data, up to 100x faster, at as little as 10% of the cost. Unlike other GPU databases such as Kinetica and MapD that rely on in-memory storage and are limited to roughly 5 TB, SQream was built to scale to hundreds of terabytes. The Series B capital will be used to add new features to SQream DB and to grow sales, marketing and delivery teams while deepening focus on China and other regions. SQream has a collaboration with Alibaba Cloud that will give Alibaba Cloud users access to the GPU database starting in October, and new Asian customers include Thai operator AIS and India’s ACL Mobile. The company has raised a little over $40 million to date and was founded in 2010 in Tel Aviv.

Total raised

$111M

Funding rounds

3

Latest round

Series C

Latest activity

Sep 2023