Vesoft closes USD8m Pre-A financing round

2020-06-08
|
Isiah Liu

Vesoft has completed a Pre-A round of financing, raising eight million US dollars. The investors for this round are Redpoint China Ventures and Matrix Partners China. Proceeds from this round of financing will mainly be used for the development of its latest product 2.0 version and global market expansion.


The core product of Vesoft is a distributed graph database called Nebula Graph, which is oriented to social networks, payment, and financial fields. The company had completed the R&D of 1.0 version of the product in 2019 and reached high availability and high performance standards. It will open source and continue to develop cloud services.


At present, the product has completed the iteration of 2.0 version. Starting in 2020, Nebula Graph officially began the global commercial application, providing open source graph database services to the world.


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