RisingWave Labs: Raises $36M in Series A Funding

RisingWave Labs Raises $36M in Series A Funding

• RisingWave Labs, a San Francisco, CA-based streaming database company, raised $36m in Series A funding
• The Series A round, led by multiple partners, including the investment arm of a leading global gaming firm, Yunqi Partners, and several individual investors, brings the total funding to over $40m
• The company intends to use the funds to expand operations and grow its engineering and customer support teams
• RisingWaveLabs develops RisingWave, a cloud-native SQL streaming database for modern real-time applications
• With Postgres-compatible SQL as the interface to manage and query data, users can write SQL code to continuously process streaming data
• RisingWave has adopted cloud-native architecture that separates the compute layer from the storage to maximize the efficiency of cloud resources