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

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

SQream

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.

Executive Opinion

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."

SQream's Latest Funding

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.
PC: Pablo, Unsplash

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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