CIBC Innovation Banking has provided a $30 million growth financing for Aerospike, a real-time database engineered for speed, scale and cost efficiency, powering mission-critical applications across diverse use cases, including Artificial Intelligence (AI) and Machine Learning (ML). This funding will further expand the company’s go-to-market strategy and product innovation.
Aerospike operates at the intersection of the world’s growing data needs and the new opportunities presented by AI and ML. The company’s massively scalable, millisecond-latency database handles vector search, key-value, and graph applications while still running on 80% less infrastructure than legacy or point solutions.
