Tech Company Financing Transactions
RisingWave Labs Funding Round
RisingWave Labs secured a $36 million Series A venture capital round on 10/18/2022. Investors included Yunqi Partners and private investors.
Transaction Overview
Company Name
Announced On
10/18/2022
Transaction Type
Venture Equity
Amount
$36,000,000
Round
Series A
Investors
Yunqi Partners (Lead Investor) (Yu Chen)
Proceeds Purpose
The capital will be put toward scaling the startup's business-side operations to support the launch of a new cloud service, RisingWave Cloud, next year.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
95 3rd St. 2nd Floor
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
RisingWave Labs is an early-stage startup that innovates the next-generation database systems. The company develops RisingWave, a cloud-native SQL streaming database for modern real-time applications. RisingWave Labs was founded in early 2021. The team includes a group of experienced database researchers and practitioners who were previously employed in pioneering companies such as AWS Redshift, Microsoft Azure, Snowflake, LinkedIn, Uber, etc.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yingjun Wu
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We do our best to report on every notable VC transaction. VC transactions reported here are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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