Rockset, a San Mateo, CA-based search and analytics company that offers a next-generation real-time indexing database built for the cloud, raised $44 million, bringing its total capital raised to $105 million.
SaaS Investors
The round was led by Icon Ventures, with participation from new investors Glynn Capital, Four Rivers, K5 Global, and existing investors Sequoia and Greylock.
Icon Ventures is an American venture capital firm located in Palo Alto, California, United States. The firm focused on leading series B or C financings. With over $1 billion under management, Icon invests with the world's leading venture firms in companies that are category winners at their earliest stages of momentum.
Rockset Use of Funds
Rockset plans to use the new funding to invest in R&D, expand its geographic presence, and increase its investment in sales and marketing.
About Rockset
Founded by Venkat Venkataramani and Dhruba Borthakur, Rockset is a real-time search and analytics company that provides a cloud-native indexing database for building search and AI applications. The platform automatically ingests data from various sources, indexes it, and enables fast queries for search and analytics applications. Rockset's technology includes vector search functionality for real-time indexing and updating of metadata and vector embeddings, which can be used for recommendation engines, chatbots, fraud detection, logistics tracking, and more.
Funding Details
Company: Rockset, Inc.
Raised: $44.0M
Round: Unknown
Funding Month: August 2023
Lead Investors: Icon Ventures
Additional Investors: Glynn Capital, Four Rivers, K5 Global, Sequoia and Greylock
Company Website: https://rockset.com/
Software Category: Big Data Analytics Software
Source: https://techcrunch.com/2023/08/29/rockset-lands-44m-to-power-real-time-search-and-analytics-apps/