Announces $27.8 Million Series B Investment to Accelerate Development of Next-Generation Graph ML, Providing Advanced Analytics and AI Capabilities at Enterprise Scale

Curt Gunsenheimer, Managing Partner at Iris Capital, and New Forge’s Mirko Novakovic, co-founder and former CEO of Instana, join ArangoDB’s board of directors. Enterprises worldwide are looking for easy ways to improve business insights, use new analytics methods, and advance their AI usages,” said Claudius Weinberger, CEO and co-founder of ArangoDB. ArangoDB is natively designed to scale to enterprises’ needs, relying on its unique approach of sharded data across large clusters. ArangoDB delivers the power of graph together with high scalability and performance, true enterprise capabilities, multimodel support and the credibility and velocity of open source. The team has proved its incredible savviness and expertise and we are proud to join them to boost the company’s global expansion and product leadership,” said Curt Gunsenheimer, Managing Partner at Iris Capital.