Even Number received nearly 200 million yuan in B+ round investment, leading the Yunshucang track

Recently, Even Number Technology announced that it has completed a B+ round of financing of nearly 200 million yuan, which is the fourth round of financing after Red Dot China, Sequoia China, and Jinshan Cloud. It is reported that this round of financing was led by a technology giant, and the old shareholders Sequoia China and Red Dot China continued to increase. Scale Partners is the financial advisor for this round.

Even Number Technology is a cloud-native data warehouse and AI product company headquartered in Beijing. Its self-developed OushuDB is a high-performance cloud-native data warehouse that can be used to build enterprise core data warehouses, data marts, real-time data warehouses and lakes. Warehouse integrated data platform. At this stage, even number technology has served domestic and foreign customers in many fields such as large-scale finance, telecommunications, government, and energy, including many Fortune 500 companies such as China Construction Bank, China Mobile, China Unicom, State Grid, and China Southern Power Grid, as well as software giant VMware Waiting for overseas customers.

Zhai Jia, Managing Director of Sequoia China, said: “With the emergence of giant cloud data warehouse unicorns such as Snowflake and Databricks overseas, similar companies will certainly emerge in China. The market for cloud-native data warehouses is very large, and product technical barriers are high. I am very optimistic about the even-numbered team. I don’t forget the original intention and can continuously break through my own cognition. I believe that with the implementation of this round of financing, the even-numbered future can be expected."

Liu Lan, partner of Red Dot China, said: “At present, various industries are rapidly deepening structural reforms and digital transformations. Compared with traditional analytical database providers, the high efficiency and flexibility of cloud-native data warehouses will better serve corporate customers. . We have supported the even-numbered team from the very beginning, and have been working hand in hand all the way to the present. We can see that they quickly achieve phased results in product development and commercial implementation, and become the front runners in the Yunshucang track. We are very optimistic about the positive and steady development of the even-numbered technology team. ."

Liu Yinghang, partner of Scale Partners, said, “The cloud data warehouse is the soil for the growth of the digital economy in the future. OushuDB is a new generation of cloud-native analytical database platform. The implementation is fast. The successful completion of this round of financing represents the high recognition of the company's technical products and commercial implementation by the industry giants and the capital market. Even-number technology will also break the monopoly of foreign analytical databases in the Chinese market and help more companies realize domestic substitution And autonomous and controllable."

The database market is growing strongly, and the general trend of database cloud

According to Gartner's 2020 data, the global enterprise database market has grown by 17.1%, reaching 64.8 billion U.S. dollars. 90% of the incremental part comes from cloud databases. The cloud database market will grow by more than 50% in 2020. It is estimated that in 2024, the global database market will exceed 100 billion U.S. dollars.

It is worth mentioning that with the substantial increase in cloud database revenue, Microsoft's database revenue surpassed Oracle for the first time. This iconic event means that the cloud database is the general trend.

Looking at the domestic market, the database market only accounts for 8% of the global market. Most of the market is occupied by traditional giants such as Oracle. At present, the vast majority of domestic database companies are still focusing on the replacement of traditional transactional databases such as Oracle. In North America, according to Gartner analysts, the analytical database market has surpassed traditional transactional databases, and even-focused markets happen to be the analytical database track.

A number of technologies have achieved transcendence and are expected to become the next unicorn

Currently, companies that use the previous generation of traditional MPP data warehouses and Hadoop platforms generally have pain points such as limited data warehouse scale, poor elasticity, low query efficiency, difficulty in going to the cloud, and data islands. In the coming era of cloud-native databases, these pain points will be overcome one by one. This is also an important reason for the explosive growth of cloud databases in the global market.

According to Dr. Chang Lei, CEO of Even Number Technology, the OushuDB cloud data warehouse independently developed by Even Number adopts a cloud-native architecture and separates storage and calculation. Therefore, for companies with rapid data growth but low computing resources, they can save a lot of costs by only increasing storage; at the same time, for resource requirements, when facing instantaneous increase in computing resource demand, companies can take advantage of the cloud to quickly Expand computing resources.

In addition, the reporter learned that, comparing Snowflake and Databricks foreign cloud native data warehouses, OushuDB has the following advantages in terms of technology and performance. First of all, OushuDB supports pluggable storage, which can natively and efficiently dock a variety of storage, including: object storage, even self-developed distributed table storage, etc., not only can easily realize the core T+1 data warehouse of the enterprise, but also realize real-time T +0 data warehouse, while other cloud-native data warehouses like Snowflake only support object storage, which has limited performance in real-time data warehouse scenarios; in addition, OushuDB has designed a new generation of actuators, and the performance of the actuators rewritten by SIMD is improved several times .

Finally, Dr. Lei Chang said that the rapid growth of even-number technology stems from the team’s original intention to use innovative technologies to change the world and promote social progress. When the previous generation of databases became popular, the team forward-looking led the team to invest in the research of the new generation of cloud data warehouses. And under development. Now even Science and Technology is also actively cooperating with top universities and leading companies in innovation, such as Peking University and China Construction Bank, hoping to jointly promote the development of the entire database industry.