Open source big data vendor Kyligence completes D round of $70 million in financing, accelerating international deployment

On April 21, 2021, Kyligence, the world’s leading open source big data vendor, announced the completion of a 70 million Series D financing of . This round of financing was led by SPDB International. ASG, Hongzhao Fund, Puxin Capital and the original shareholders of Red Dot China, Sidao Capital, Shunwei Capital, etc. participated in the investment. Round of financing will be used to increase marketing and business development , create industry solutions and global ecosystem , expand overseas markets and further evolution promoting products and technologies and so on.

With the completion of this round of financing, Kyligence will further strengthen its strategic layout in core industries such as financial telecom , manufacture , and other industries. In terms of technology, we will further increase investment in key areas of intelligent data analysis platforms, and strive to provide customers with the next generation of intelligent data management and analysis platforms, thereby enhancing corporate data management and analysis capabilities and efficiency, and helping companies achieve future-oriented digital transformation. Kyligence put more into the open source community and ecological construction , consolidates and strengthens the Apache Kylin international open source community . At the same time, on the basis of increasing investment in the existing US market, other international markets such as Europe, Asia Pacific, etc., to serve global customers well.

Data is regarded as one of the important factors of production, and the field of data has undergone fundamental changes. From serving only decision-makers in the past to today’s need to meet the data analysis needs of everyone, traditional data platforms and analysis technologies can no longer meet. How simplify and automate data management and analysis, , and 1607f8e333f9da, use data to business decisions, 1607f8e333f9db, has become the most important challenge in the current data field.

Kyligence co-founder and CEO Han Qing said, "Based on a cloud-native architecture, automated data management and analysis through machine learning and AI enhancements, and automatic construction of a unified data view across the entire organization is an inevitable trend. It is future-oriented enterprise-level data. The management and analysis platform should let data find people who need it, instead of people looking for data."

On the basis of successfully providing a pure public cloud data analysis platform for top international financial customers, Kyligence will accelerate the transformation to the next-generation cloud-native data analysis platform. On the one hand, actively promotes a multi-cloud strategy and landed more cloud platforms ; on the other hand accelerates the pace of productization of the private cloud version , which brings new options for data management and analysis in the post-Hadoop era.

SPDB International, the lead investor of this round of financing, is an overseas investment bank wholly-owned by SPD Bank and an important platform for SPD Bank to implement its international and integrated strategy. SPDB International CEO Jia Hongrui said: "Kyligence is one of SPDB's business partners and one of the few domestic IT companies that master the core technology and development capabilities of the underlying data warehouse. As the creator of Apache Kylin, the company has a high global influence. Kyligence continues to evolve and develops capabilities such as cloud native, cloud storage, multi-dimensional analysis, and AI enhancement. SPDB International is optimistic about the big data track for a long time, and at the same time, it is committed to making positive contributions to the improvement of its parent bank's digital service capabilities. With the explosive growth of applications, we believe that there is a lot to do with Kyligence."

Sun Weiwei, Executive General Manager of CICC Capital, said: "Kyligence has outstanding advantages and rich experience in the automated management and rapid analysis of massive data. It has been focusing on providing the highest quality and most professional data services to head customers at home and abroad. Golden Capital has long been concerned about investment opportunities in the field of corporate services, and is also optimistic about the company's more long-term development in the field of global data intelligence."

Liu Yihao, Managing Director of Gopher Assets, mentioned: "We especially appreciate Kyligence's global leading technology, continuous innovation of product capabilities, and ability to serve customers. The team led by Han Qing and Li Yang has both local and international capabilities. With a comprehensive vision and a deep understanding of industry needs and pain points. It is expected that Gopher Assets will bring more business development opportunities to Kyligence through its in-depth deployment in private equity and become the company’s long-term strategic partner."

Sun Min, partner of the Yangtze River Delta Synergy Advantage Industry Fund, said: "In the critical period of China's comprehensive promotion of digital transformation, we are very pleased to be able to work side by side with the most influential original technology companies in the Yangtze River Delta region with the most international open source community. , We believe: With the rapid growth of data from non-relational databases in business intelligence analysis, Kyligence, as a leader in the global data analysis field, will become the backbone of China's digital transformation!"

Ms. Wang Jun, Managing Director of Hongzhao Fund, said: “At present, only Kyligence's technology in the market can provide automatic data pre-calculation services. Pre-calculation technology can well solve the problem of timeliness of data. We are particularly optimistic about the development space in this field. As a technological unicorn in this field, Kyligence’s data model indexing and construction optimization have become technical barriers that latecomers cannot catch up."

As Kyligence’s first investor and continued to increase the number of Red Dot China’s founding and managing partner Yuan Wenda, said: “The global software industry is moving towards cloud native, and the era of China’s big data has arrived. Today, when we are deeply embracing digital transformation, companies are more interested in originality. The demand for big data smart technology is increasing. Kyligence, as a global leader in the field of big data, is firmly committed to international deployment. Not only has its technological development been recognized by Gartner, but its products and services have also won global finance, FMCG, and manufacturing. The trust and support of industry giant customers. Red Dot China helps Kyligence connect with global industry resources and is also very happy that it has been recognized more widely in the world. It is hoped that Kyligence will continue to explore and run in the field of intelligent data to help more companies in digitalization. A solid step has been taken in the transformation."

Zhang Ju, a partner of Stow Capital, has always supported the Kylin project since the beginning. “Kyligence originated from Apache Kylin. As the first top-level project of the Apache Open Source Foundation in China, it has won a huge world influence and is widely used. On the basis of open source, The company has developed a new generation of ultra-large data-scale enterprise data analysis platform that integrates enterprise-level management capabilities, enhanced analysis models, artificial intelligence analysis and automated analysis processes in terms of concepts and technologies. It has a clear forward-looking and leading position in the international market. Sex. Stow Capital is very honored to have the opportunity to cooperate with the company at the capital level and look forward to continuing to support the company's faster and better development in the future."

Li Rui, a partner of Shunwei Capital, said: "I am very happy to see the company start from an original open source community and gradually grow into one of the best big data software companies in China; from the recognition of major customers in domestic finance, telecommunications and other industries, Until it is recognized by large international companies, I look forward to Kyligence's broader development in the field of global data intelligence."

Kyligence previously received investment from Red Dot China and Cisco in 2016, Broadband Capital and Shunwei Capital in 2017 led the A round of financing, in 2018 it received the B round of financing led by Stow Capital, and in 2019 it received the C round led by Coatue. Financing.

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About Kyligence

Kyligence was founded by the core team of Apache Kylin (leading open source distributed OLAP analysis engine) to provide enterprise-level customers with digital transformation infrastructure to further simplify and automate data management and analysis. Kyligence has been deeply involved in the enterprise service market and has provided a next-generation enterprise-level data management and analysis platform for nearly a hundred customers in banking, insurance, manufacturing, retail and other industries, including UBS, Shanghai Pudong Development Bank, Ping An Bank, Bank of Ningbo, Pacific Insurance, Continent Insurance, China UnionPay, VIVO, SAIC, FAW, Anta, Xactly and other world-renowned companies and leaders in various industries. The company operates with dual headquarters, with the Chinese headquarters in Shanghai and the US headquarters in Silicon Valley, California.