Kyligence, a big data analytics startup founded by the creators of Apache Kylin at eBay in Shanghai, raises $70M Series D, bringing its total raised to $118M (Rick Whiting/CRN)
Kyligence is a data analytics platform based upon the free-of-cost Apache Kylin analytics engine, which is capable of performing multi-dimensional analysis on massive amounts of data.
The next-generation startup for data analytics Kyligence has completed the Series D round with a total of $70 million in financing Kyligence said on Wednesday.
The company has said that it plans to use the money to “continue the growth of its global operations and to accelerate the adoption of its products by customers.” The funds will be specifically used to fund companies’ research and development initiatives, particularly in the field of developing machine learning and cloud-native technology The company stated.
“Today’s cloud data warehouses as well as analysis of data lakes struggle to provide affordable analytics as user and data volume explodes,” said Luke Han Kyligence’s co-founder, CEO and co-founder in an announcement. “Kyligence can significantly enhance the profitability of these platforms through our cloud-native architecture as well as Artificial Intelligence-advanced operations.”
Kyligence has previously received funding of $48 million in accordance with the Crunchbase website, which puts Kyligence’s total investment at $118 million.
Kyligence located at San Jose, offers an AI-enhanced Analytics platform capable of providing sub-second response time to queries in the face of petabytes. Its Kyligence system is built upon Apache Kylin, a distributed analytics engine that can perform multi-dimensional analysis of huge data sets.
Kylin’s original technology was invented by the founding members of Kyligence at eBay’s China Center of Excellence in Shanghai, China, and was a part of the Apache Software Foundation in 2015.
Kyligence was launched by Kylin’s developers in 2016 to offer commercial versions that uses the technology open source that comes with additional abilities and features. The system’s foundation it has OLAP (online analysis processing) function that aggregates information into multiple-dimensional indexes, significantly speeding the process of data analysis and queries.
“Coupled with an unifying semantic layer Kyligence users can count on unimaginable performance and efficiency with the lowest cost possible,” Han said. “Our investors are aware of our dedication to this type of customer-centricity, innovation and cost management for cloud analytics is heading towards the correct direction.”