Aerospike to invest tens of millions in Israeli operations, double local workforce
Aerospike to invest tens of millions in Israeli operations, double local workforce
The American real-time database platform, which raised $109 million in Series E funding in April, began its operations in Israel in 2019, initially focusing on commercial activities and later establishing an R&D center
Aerospike, the American real-time database platform, is set to deepen its investment in its Israeli operations. This expansion includes a planned investment of tens of millions of dollars over the next three years and aims to double its local workforce to about 40 employees. This growth is part of Aerospike’s strategy to enhance its support for Israeli tech corporations, especially those integrating generative AI into their products and operations.
Aerospike announced a Series E funding round of $109 million led by Sumeru Equity Partners in April. Since its establishment in 2009 as a NoSQL database, the company has raised $197 million. Aerospike began its operations in Israel in 2019, initially focusing on commercial activities and later establishing an R&D center.
The company has developed a data platform that allows scalability while maintaining performance and low costs. Aerospike's solutions are suited for all types of cloud environments and also for Kubernetes environments, providing solutions for various scenarios through capabilities like graph and vector.
Local clients include Unity (ironSource), Wix, AppsFlyer, Forter, BioCatch, and more.
"The demand for advanced data management solutions in Israel is more critical than ever, especially as companies adopt complex real-time technologies," said Ami Aharonovich, GM of Aerospike's Israeli branch. "Our commitment to the Israeli market is strong, and our continued investment is a testament to the strategic value we see in this ecosystem."
