Data Analytics startup SQream secured $39.4M in Series B+ Funding

SQream, a Tel Aviv, Israel based provider of a data analytics acceleration platform that enables enterprises to gain insights, has now secured $39.4 million in Series B+ funding round.

SQream is founded by the Ami Gal. It develops and markets SQream DB, designed to obtain business intelligence from massive data stores. The database is available both on the cloud and on-premise.

Roy Saar, Partner at Mangrove Capital Partners, said, "Given the growth of data, which has been on a rocket-ship trajectory to zettabyte levels due to rapid digitalization, we are just scraping the surface of how companies will be generating value from their data. We are impressed by the quality and experience of the management team. We also share the conviction in SQream’s important role in driving business performance and providing a competitive edge. I could not be more excited about SQream’s potential for making a significant impact in the market."

Ami Gal, CEO, and co-founder of SQream said, "From the very beginning, our vision has been to enable enterprises to analyze more of their data much faster, providing better, more accurate, and comprehensive business insights. We have made our vision a reality by continuously improving our product, and by investing in top developers who enjoy the challenge and motivation of deep tech product innovation."

The round was backed by the Mangrove Capital Partners and Schusterman Family Investments.

Existing investors also joined the funding round, which includes the Silvertech Ventures, Sistema VC, Blumberg Capital, Alibaba Group, and Hanaco Venture Capital.

Post funding, Charlie Federman from Silvertech Ventures and Venture Capitalist Roy Saar from Mangrove Capital Partners joined SQream’s Board of Directors team.

The company, as of now, has plans to use the new funds to recruit talent to accelerate advancements in cloud and technology innovation, and customer delivery platforms.