Crate.io Secures $10 Million in Funding Amid Surging Demand for Digital Transformation
Summary
SAN FRANCISCO, June 15, 2021 (GLOBE NEWSWIRE) -- Crate.io, developer and supplier of CrateDB, the purpose-built time series database, today announced $10 million in additional funding. The engagement across our ecosystem is key to long-term success and we are building a solid foundation this year.” Crate.io offers CrateDB as a fully open source time series SQL database, built to scale quickly and capable of ingesting and querying millions of data points every second to deliver actionable insights to organizations in real time. “A distributed SQL architecture that scales horizontally in any cloud and edge enables customers and developers to capture and process the volume of machine data in real-time and at scale, accelerating their success in implementing digital transformation projects.” With CrateDB available in the cloud, at the edge, and on-premise, Crate.io allows complete flexibility to digital transformation. As organizations develop or migrate to smart systems that unlock competitive advantages and new efficiencies, Crate.io meets their scaling requirements for harnessing machine data in a cost-efficient manner. Designed to support IoT and machine data applications in particular, CrateDB is optimized for containerized environments and runs on premise, in the cloud, and at the edge.
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