Industrials Jan 04, 2022 09:45 AM (GMT+8) · EqualOcean
On January 4, 2022, sphereex, an innovative database basic software provider, announced that it had completed a pre-A round of financing of nearly US $10 million. This round of financing was led by Jiayu capital and followed by Sequoia China seed fund, Chuxin capital and index venture capital. Index capital acts as the exclusive financial advisor. This is another financing completed by sphereex since May 2021 and the second financing completed by the company in more than half a year since its establishment. This round of financing funds will be mainly used for sphereex product R & D and commercialization verification. Sphereex is a company committed to building a new distributed database infrastructure. It was founded by the core members of Apache shardingsphere in April 2021. In May of the same year, it received millions of dollars of angel round investment from Sequoia China seed fund and initial capital. The core members of the company's team are from leading Internet companies and well-known infrastructure software providers, with rich experience in infrastructure software architecture, R & D, implementation, delivery and marketization. Wei Wei, executive director of index capital, said: enterprises are facing the dual challenges brought by the exponential growth of data holdings and the increasingly complex IT environment. How to deal with the ecological complexity and diversification of the underlying data infrastructure will become the core concern of enterprise customers in the future.