SQream, a Tel Aviv, Israel-based data and analytics accelerator company specializing in big data and AI/ML workloads, has completed a $45 million Series C funding.
The round was led by World Trade Ventures and included participation from both new and existing investors, such as Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings.
SQream Use of Funds
SQream plans to use the funds to expand its presence in North America, strengthen strategic partnerships, and advance its AI/ML enterprise capabilities and big data analytics solutions.
SQream is a data analytics company that helps organizations break through barriers to ask the biggest, most important questions from their data. Its GPU-based technology empowers businesses to overcome dataset limits and query complexity to analyze exponentially more data and get substantially faster insights at dramatic cost savings. By leveraging SQream's advanced analytics capabilities for AI/ML, enterprises can stay ahead of their competitors while reducing hardware usage. SQream is trusted by leading enterprises including Samsung, LiveAction, Sinch, Orange, AIS, LG, and more.
Company: SQream Technologies Ltd.
Round: Series C
Funding Month: September 2023
Lead Investors: World Trade Ventures
Additional Investors: Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings
Company Website: https://sqream.com/
Software Category: GPU-based Big Data Analytics Platform