Database Software Vendor SphereEx Completes Pre-A Funding Round Worth Nearly $10M – Pandaily

Tuesday, SphereEx, an innovative provider of core database software, announced the closing of its pre-A round of funding worth nearly $10 million. Lead investor was Vision Knight Capital, co-investors were Sequoia China Seed Fund, Chuxin Capital Partners Ltd. and Index Capital. Index Capital also acted as exclusive financial advisor to the transaction. The funds are intended primarily for product R&D and commercial verification.

SphereEx was founded in April 2021 by core members of Apache Sharding Sphere. All of its core members are from big internet companies or famous commodity software vendors. All have extensive experience in core software architecture, research and development, implementation, delivery and marketing.

China is rapidly becoming much more digital and databases play a vital role in the infrastructure of the digital economy. Some reports suggest that the Chinese database market will be worth more than 68.8 billion yuan by 2025. Moreover, open source collaboration deeply affects the development of technologies used by enterprises.

SphereEx actively connects developers and users around the world and promotes the stable and dynamic development of the Apache Sharding Sphere open source community. Currently, more than 50% of Apache Sharding Sphere’s code comes from community contributors outside the company, while all of SphereEx’s starting customers are from the community.

SphereEx has now established working relationships with Huawei’s openGauss open source database and Yunhe Enmo’s (Beijing) information technology platform MogDB. In addition, many companies integrate its products during their production, especially those in the field of Internet, finance, O2O, logistics and cloud computing.

In the commercial product matrix planned by SphereEx, building the system based on cloud capability is the top priority for future work. At the same time, innovative database cloud products based on the concept of Database Mesh will also accelerate R&D.

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In the future, SphereEx will continue to strengthen open source community building, increase investment in technology R&D, and gradually explore overseas markets to further accelerate global commercialization.

Maria H. Underwood