Kyligence, originator of Apache Kylin and the leader in intelligent data analytics, announced that the company has closed $70m in Series D funding to continue empowering its global expansion and rapid customer adoption, especially for the cloud business growth. This funding round was led by SPDB International. Eight Roads Ventures also participated in this round.
Kyligence was founded in 2016 by the creators of Apache Kylin, a leading open-source OLAP for big data project. The Kyligence platform simplifies the deployment of massive interactive analytics in the cloud by providing unified data semantics and automated data processing and aggregation across a wide range of use cases with its patented AI-Augmented operations.
With this investment, Kyligence will keep fueling its rapid growth by further investment in research and development of product to support innovative cloud-native and machine learning advances. The next-generation enterprise-grade data platform provided by Kyligence, will assist enterprises to realize future-oriented digital transformation, thereby improving the capability and efficiency of data management and analytics.
“Today’s cloud data warehouses and data lake analytics are struggling to deliver cost effective analytics as data and user volumes explode,” said Luke Han, co-founder and CEO of Kyligence. “Kyligence can vastly improve the economics of these platforms via our cloud-native architecture and AI-augmented operations. Coupled with a Unified Semantic Layer, Kyligence customers can expect unprecedented performance and concurrency at the least possible cost. Our investors understand that our commitment to this kind of innovation, customer focus, and cost control for cloud analytics has us moving in the right direction.”