Domain Names for Sale
NewSQLdatabase.com
NoSQLdatabase.com
DatabaseMarket.com
AdHocDatabase.com
SnowflakeDatabase.com
“By 2024 the converged RDBMS and NoSQL/NewSQL market segment will account for about two-thirds of the $60 Billion database market. The database market as a whole is not expected to grow in monetary terms, cannibalized from within by availability of open source database platforms and cloud offers, but it will significantly grow in terms of processed data volume. At the same time, such segments as converged RDBMS and NoSQL/NewSQL and niche service will grow at the robust double-digit growth to offset a general decline of the database market.”
Market Analysis
Press Release
PingCAP Raises $50 Million in Series C Round, and Yunqi Partners Offers Supports in Three Consecutive Rounds
BEIJING, China, Oct. 1, 2018 -/Press Media Release/- PingCAP, a leading distributed database company that created the popular cloud-native NewSQL database TiDB, announces a $50 million Series C funding round led by FOSUN and Morningside Venture Capital. All previous investors—China Growth Capital, Yunqi Partners, Matrix Partners China, and others—have also participated in this round. PingCAP plans to use this new capital to expand the TiDB ecosystem globally, build cross-cloud product offering, and invest in innovation of its core technology.
This is the third investment by Yunqi Partners after it led PingCAP’s A round financing in September 2016. PingCAP completed its $15 million B round of financing in June 2017, and Yunqi Partners continued to give its support to PingCAP.
Mr. Ng Yipin, Managing Partner of Yunqi Partners, remarked: “PingCAP has been working to solve the long-standing world-class difficult problem of relational database horizontal expansion in the database field, and has developed products that are highly competitive in core technologies in this field globally. Over the past year, PingCAP has also developed rapidly in product commercialization and globalization. Yunqi Partners is upbeat that PingCAP will become a world-class infrastructure software company and is also very happy to continue to support PingCAP’s C round financing.”
Yunqi Partners has long kept a close watch on the big data and cloud computing field. Besides PingCAP, Yunqi Partners has also invested in a number of companies, including new-generation GPU hardware accelerated database system company Zilliz, the enterprise real-time graph database platform TigerGraph, the intelligent cloud management platform CloudChef, and cloud computing- and AI-based data technology company CloudIn.
“Since day 1, we have made it our mission to build a database of the future–one that helps enterprises unleash the power of their data creatively, anywhere in the world,” says Co-founder and CEO Max Liu. “With this new funding round, we will be one step closer to fulfilling that mission.”
PingCAP’s flagship product, TiDB, is a hybrid transactional and analytical processing (HTAP) database that powers both distributed transactions and real-time analytics. It features horizontal scalability, strong consistency, and high availability with MySQL compatibility, serving as a one-stop database solution for both OLTP (Online Transactional Processing) and OLAP (Online Analytical Processing) workloads.
“A new breed of database vendors, sometimes referred to as NewSQL databases, are coming on the scene with offerings blending operational and analytical processes, which has emerged as an appealing use case for many enterprises,” says James Curtis, Senior Analyst, Data Platforms and Analyst at 451 Research. “PingCAP is among these NewSQL database vendors and is noted for its open source, modular-based database that enables hybrid operational and analytic processing to occur in a singular system.”
As one of the leading open source HTAP databases in the industry, TiDB has been adopted by more than 300 companies, from banking and e-commerce, to fintech, gaming, and travel. Its distributed transactional key-value storage component, TiKV, was recently accepted as a Cloud Native Computing Foundation project.
About Yunqi Partners
Yunqi Partners (Yunqi) was founded in 2014. Yunqi has billions of RMB under management. Yunqi’s team comes from diverse backgrounds including IDG Capital, GGV Capital, Google, Baidu, MSRA, and PWC etc. Yunqi pays close attention to any investment opportunities brought by new technologies, new model-related industrial upgrades, and consumer upgrades. Yunqi focuses on the investments on Internet of Things (IoT), Robotics, Big Data, Cloud Computing Services, Artificial Intelligence (AI) and Fintech. Yunqi is committed to investing in high-quality start-up companies at early and growth stages.
About PingCAP
PingCAP was founded in April 2015, and provides enterprise-level and cloud-based services and technology for TiDB, a cloud-native NewSQL database which the company began building since its inception. Its mission is to build a hybrid transactional and analytical processing database with global scalability, so companies can count on TiDB as its single unifying database solution, spend less time managing multiple databases, and more time delivering business value for their customers and users. PingCAP has a global customer base that includes Mobike, Bank of Beijing, Hulu, Lenovo, and Ele.me. For more information, visit: www.pingcap.com.
SOURCE Yunqi Partners
Press Release
PingCAP Raises $50 Million in Series C Round
Sets Eyes on Global Expansion, Cross-Cloud Offering, and More Core Technology Investment
SAN MATEO, Calif., Sept. 11, 2018 — PingCAP, a leading distributed database company that created the popular cloud-native NewSQL database TiDB, announces a $50 million Series C funding round led by FOSUN and Morningside Venture Capital. All previous investors—China Growth Capital, Yunqi Partners, Matrix Partners China, and others—have also participated in this round. PingCAP plans to use this new capital to expand the TiDB ecosystem globally, build cross-cloud product offering, and invest in innovation of its core technology.
“Since day 1, we have made it our mission to build a database of the future–one that helps enterprises unleash the power of their data creatively, anywhere in the world,” says co-founder and CEO Max Liu. “With this new funding round, we will be one step closer to fulfilling that mission.”
PingCAP’s flagship product, TiDB, is a hybrid transactional and analytical processing (HTAP) database that powers both distributed transactions and real-time analytics. It features horizontal scalability, strong consistency, and high availability with MySQL compatibility, serving as a one-stop database solution for both OLTP (Online Transactional Processing) and OLAP (Online Analytical Processing) workloads.
“A new breed of database vendors, sometimes referred to as NewSQL databases, are coming on the scene with offerings blending operational and analytical processes, which has emerged as an appealing use case for many enterprises,” says James Curtis, Senior Analyst, Data Platforms and Analytics at 451 Research. “PingCAP is among these NewSQL database vendors and is noted for its open source, modular-based database that enables hybrid operational and analytic processing to occur in a singular system.”
As one of the leading open source HTAP databases in the industry, TiDB has been adopted by more than 300 companies, from banking and e-commerce, to fintech, gaming, and travel. Its distributed transactional key-value storage component, TiKV, was recently accepted as a Cloud Native Computing Foundation project.
“After three years of hard work, rapid product development, and cutting-edge engineering, PingCAP and its open source community have made the promise of an HTAP database a reality. We are excited to support the future growth of this amazing team,” says Yonggang Cong, Vice President and Managing Director of FOSUN.
“The database industry has always been a competitive arena, and PingCAP has secured a prominent spot in this crowded field by becoming the go-to solution for many large-scale Internet companies and financial services enterprises in China,” says Richard Liu, Managing Director of Morningside Venture Capital. “Thus, we are glad to grow with PingCAP and continue building the TiDB ecosystem together.”
About PingCAP
PingCAP was founded in April 2015, and provides enterprise-level and cloud-based services and technology for TiDB, a cloud-native NewSQL database which the company began building since its inception. Its mission is to build a hybrid transactional and analytical processing database with global scalability, so companies can count on TiDB as its single unifying database solution, spend less time managing multiple databases, and more time delivering business value for their customers and users. PingCAP has a global customer base that includes Mobike, Bank of Beijing, Hulu, Lenovo, and Ele.me. For more information, visit: www.pingcap.com.
CONTACT: [email protected]
SOURCE PingCAP
Related Links
https://www.pingcap.com/
Press Release
SequoiaDB 3.0 Released, New-Generation Multi-Model NewSQL Database
BEIJING, June 25, 2018 — Recently, the leading NewSQL database SequoiaDB has released version 3.0. SequoiaDB 3.0 has been in Beta since late 2017, and has now been tested and applied in kernel online business systems of enterprise customers. SequoiaDB 3.0 leads the new generation database technology innovation in industry.
SequoiaDB 3.0 Main Features
SequoiaDB is a financial-level distributed multi-model database that provides distributed NewSQL, distributed file system and object storage, and high-performance NoSQL storage modes, corresponding to distributed online transactions, unstructured data and content management, as well as massive data management and high performance access scenarios.
According to Gartner’s database report, multi-model is the next major trend in the next decade of new-generation databases.
From the high-performance distributed NoSQL database of SequoiaDB 1.0, to 2.0 unified distributed object storage of SequoiaDB 2.0, and fully transactional support and compatibility with MySQL of SequoiaDB 3.0, SequoiaDB has continued to innovate and evolve.
MySQL Compatible
SequoiaDB 3.0 is now 100% MySQL protocol-level compatibility:
Full Compatibility: Full support for MySQL protocol and syntax, users can directly use MySQL client or any management, development and monitoring tools of MySQL to operate and access the database;
MySQL Syntax: SequoiaDB 3.0 is 100% MySQL compliant with MySQL’s native parser. Supporting basic CRUD operations, multi-table associations, cross-node transaction operations, create views, stored procedures, indexing, and access plans etc.
Smooth Migration: For any existing application, SequoiaDB 3.0 offers full MySQL compatibility and smooth migration without application code adjustments;
Scaling: With the SequoiaDB native distributed storage engine, the database is compatible with MySQL without the need for “sharding” manually. The distributed storage engine provides native scaling capability, which can increase the storage space and performance for more than 100 times.
Multi-Dimensional Partition: With the “Storage-SQL” architecture, users can access the database with multi-dimensional partitioning of the table and improve application flexibility.
SequoiaDB 3.0 uses a “Storage-SQL” architecture, which SQL layer and storage engine layers are independent of each other, similar architectures also appear on many new-generation distributed databases such as AWS’s Aurora and Aliyun PolarDB.
SequoiaDB 3.0 uses the native SQL parser of the MySQL database, natively supports the MySQL protocol and is 100% syntactically compliant. In this architecture, the MySQL protocol parsing layer serves as the SQL parsing and distribution role and directly faces the application program.
Each MySQL service access node is a MySQL process that independently supports read and write operations. The data storage and management layer are entirely implemented by the database engine of the SequoiaDB.
SequoiaDB storage engine replaces the MySQL’s InnoDB engine, and natively support MySQL’s syntax and functions, this provides the ability to expand the flexibility of the database storage layer.
Distributed OLTP Support
The MySQL compatibility of SequoiaDB 3.0 is mainly on its SQL syntax side, and many other data management mechanisms for distributed OLTP are implemented in SequoiaDB’s distributed database engine.
SequoiaDB 3.0 brings some important improvements to distributed OLTP services in the storage engines:
ACID: ACID is the basis of a transactional database. SequoiaDB 3.0 has fully supported ACID and 100% support atomicity, consistency, isolation, and durability (ACID).
Cross-table/node Transactions: In a distributed database, atomic operations between multiple nodes need to be implemented in some special ways. SequoiaDB 3.0 uses two-phase commit to support cross-table or cross-node transaction capabilities.
Isolation: Support ‘read-committed’ isolation level;
Lock Mechanism: SequoiaDB kernel optimizes the management of record locks, completely avoiding the problem of lock congestion in a large number of concurrent transactions.
Cost-Based Optimization of Cost-Based Optimization (CBO): Implement statistical sampling of data and indexes within a set, establish a multi-dimensional, multi-level data model, and optimize external queries by “rewriting,” “rule optimization,” “parameterization,” and “predicate degradation.” Access performance, which is also the current optimizer optimization method for enterprise-class databases;
Compression: For table-level data compression, two compression methods are provided, with the highest compression ratio exceeding 60%, which greatly improves performance and throughput.
Security: The distributed architecture supports high-availability and off-site disaster recovery mechanisms. It also provides read/write separation mode while providing a main multi-standby storage. SequoiaDB 3.0 natively supports remote disaster recovery strategies such as the three centers in the two places to ensure the transaction data is safe and reliable.
Object Storage and File System Access
SequoiaDB 3.0 provides a standard Posix file system interface based on the object storage API. It can natively access any operating system that supports the Posix protocol standard, and users can migrate from NAS to SequoiaDB without any modification of the application.
Based on the use of the Posix file system, SequoiaDB 3.0 avoids the performance bottleneck caused by traditional file systems when storing large numbers of files. At the same time, with SequoiaDB’s distributed architecture, its object storage and file system features provide scalable storage and concurrent throughput capabilities, without the need to change any of the applications.
In this version, the ‘offset-lock’ mechanism was also introduced. When concurrently operating the same file, each concurrent will lock only the contents of its offset, so that the correctness of the contents of the file under concurrent conditions can be guaranteed. Also, this will increased the concurrency of external access significantly.
Full-Text Search
SequoiaDB 3.0 provides full-text search capabilities. By creating a full-text index for a specific field, users can perform real-time fuzzy query on the content in the string, achieving the same full-text search capabilities as normal queries.
In the index type, a new ‘full-text index’ type has been added, and the user can easily create it by specifying the type of ‘full-text index’ when creating an index on the collection.
After the full-text index is created, the contents of the index definition are automatically synchronized to the full-text indexing engine. SequoiaDB 3.0 supports asynchronous full-text indexing and does not have any impact on import performance when importing high-throughput data.
Disaster Recovery
SequoiaDB natively supports high availability at the database kernel level and cross-data center disaster recovery capabilities. It does not require the use of third-party tools to protect data with multiple copies, and fully meets financial-grade requirements:
Highly Available: RPO, RTO is 0, and rapid response to seamless handover;
Off-site Disaster Recovery: Disaster recovery and backup in different places to ensure data security. The distance between centers is more than 1000km. Satisfy the regulatory requirements of “three centers in two places”;
Active-Active: Real-time synchronization of dual-center data in the same city to ensure data consistency. Dual-center data can be read and written at the same time, greatly improving read and write efficiency. The central switching RPO is 0 and RTO is less than 1 minute.
Easier DR Management: Unified management of disaster recovery centers in the system cluster simplifies maintenance costs and helps users get started faster.
Summary
SequoiaDB 3.0 covers all types of data structure and all businesses, especially OLTP businesses, making SequoiaDB a fully transactional multi-model distributed database.
About SequoiaDB
SequoiaDB is a financial-level distributed database vendor and is the first Chinese database listed in Gartner’s Magic Quadrant OPDBMS report.
The product, SequoiaDB, is a distributed multi-model database that consists of distributed NewSQL, distributed file system and object storage, and high-performance NoSQL database abilities. SequoiaDB has recently released version 3.0.
SequoiaDB is penetrating the vertical sector Financial Industry quickly and has more than 50 banking clients and hundreds of enterprise customers in industries including government, telecommunication, Internet and IoT.
SOURCE SequoiaDB