NebulaGraph develops an open-source graph database with enterprise subscriptions, focused on real-time graph queries and analytics. Its product is used for use cases such as real-time shopping recommendations and more complex applications like AI drug discovery and chip design. Over the past two years its user base expanded from about 60 to over 900 (freemium and paid users). Customer types have broadened from social media, e-commerce and fintech to manufacturing, including electric vehicle and airplane makers. The company is retooling resources to resume global expansion and plans to open a U.S. office in 2023 after pandemic-related delays. CEO Sherman Ye, formerly of Ant Group and Meta, has highlighted the product’s value for processing large, relationship-rich datasets where relational databases slow down. vesoft develops Nebula Graph, a high-performing graph database designed for the needs of very large organizations and large datasets. Led by founder and CEO Sherman Ye and based in Hangzhou, China, Nebula Graph enables users to store and process billions of data points with trillions of relational connections. The product targets data scientists, CTOs and CIOs and already has many large customers across Asia. vesoft intends to continue product development and to bring Nebula Graph to market in North America and Europe, including offering it as a cloud service. Financially, the company raised an additional $10M in a pre-A+ round in December 2020, bringing its total 2020 funding to $18M. The new financing will be used to fund product work and international expansion. VESoft develops Nebula Graph, an open-source graph database designed to store and analyze relationship-rich data. Its product targets enterprise use cases such as social media analysis, e-commerce recommendations, and financial risk management. The Nebula Graph is serving about 20 enterprise clients, including Meituan, Xiaohongshu and JD.com, and several overseas companies are trialing the software. VESoft is a 30-person team with alumni from Alibaba, Facebook, Huawei and IBM, and was founded in 2018 in Hangzhou. The company plans to launch a paid enterprise version with customized plug-ins and hosted services and to expand into North America, Europe and other parts of Asia. It recently closed an $8 million financing to support product development and market expansion.

Total raised

$18M

Funding rounds

3

Latest round

Series A

Latest activity

Dec 2020