AeroSpike Gets Series B Funding and Buys Alchemy

by Dan Holden | September 10, 2012

aerospike square

Big things are happening for big-data management start-up Aerospike of Mountain View this week, including a new round of funding, an acquisition, a new product launch and some big-name associations.

Aerospike, which recently re-branded from Citrusleaf, specializes in delivering NoSQL (commonly referred to as ‘not only SQL’) storage and data management for very large scale environments such as social media sites, where the emphasis is on moving huge amounts of video and data as quickly as possible – as opposed to creating large, sophisticated relational databases. The company also attaches a powerful advertising component to its database engine, enabling dynamic, large-scale co-relational advertising. Customers include Tapad, LiveRail and The Trade Desk.

The company’s name is appropriately derived from engineering slang for a rocket engine without a traditional rocket nozzle.

TheNextWeb reports that AeroSpike received an undisclosed amount of Series B funding comes courtesy of New Enterprise Associates (NEA) and joined by Draper Associates and Alsop Louie Partners, all top names in venture capital.

Rohini Chakravarthy, an NEA partner, will join Aerospike’s board of directors as part of the deal. She joins current board members including Stuart Alsop and Joe Addiego.

In an unrelated development, IBM Fellow Don Haderle has also joined the company as an advisor. Haderle is widely recognized for his accomplishments as chief technology officer of IBM’s database management division.

The company also acquired Alchemy Database (AlchemyDB), a smaller start-up that optimizes large databases for memory efficiency.

Finally, Aerospike has launched a free community edition for use by developers, who then move to the Enterprise Edition product when their sites roll out.

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