Kyligence, originator of Apache Kylin, has closed $70 million in Series D funding to continue powering its global expansion and rapid customer adoption. This funding round attracted global investment management organizations, including the round’s lead investor, SPDB International.
New investors Alpha Square Group, CICC, Gopher Asset Management, Shanghai Growth Capital, PUXIN Capital, and Jumbo Sheen Group also participated in the round. The round included follow-on investments from existing investors Eight Roads Ventures (the proprietary investment arm of Fidelity International Limited), Redpoint and Shunwei Capital.
With this investment, Kyligence will keep fueling its rapid growth by further investment in research and development of its products to support 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.
Kyligence was founded in 2016 by the creators of Apache Kylin, an open-source OLAP 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.
Hongrui Jia is the CEO of SPDB International, the offshore investment bank wholly owned by Shanghai Pudong Development Bank Co., Ltd. and the lead investor in this round.