Sequoia joins $10m round of Chinese database software firm

Beijing-based SphereEx, a database software provider, has raised US$10 million in a pre-series A financing round led by Vision Knight Capital.

Investors including Sequoia Capital China Seed Fund, Chuxin Capital, Index Ventures, and Index Capital also took part.

SphereEx founder Zhang Liang / Photo credit: SphereEx

Founded in April 2021, SphereEx helps enterprises link data and services by providing data services that support the information ecosystem.

Currently, the company’s products are used as a core component of data computing architecture by enterprises in production environments across the internet, finance, offline-to-offline, logistics, and cloud computing fields.

The capital raise comes as companies shift from using single database to distributed database services, with the broader database market poised to hit 68.8 billion yuan (US$10.8 billion) in value by 2025.

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SphereEx said it will prioritize cloud development while maintaining its focus on horizontal scaling and expanding associated features such as data encryption. Its future product, Matrix, will center around multicloud computing to develop cloud database products.

The company will also support the open-source community, ramp up its investment in tech development, and expand into global markets.