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Alibaba invests $15-20 million in Israeli startup SQream

SQream’s GPU database bringing rapid query capability and large-scale data analysis to customers of Alibaba Clouds.

 

Alibaba Cloud, an arm of China’s Alibaba Group Holding, is partnering with Israeli startup SQream Technologies, a provider of fast access and analysis of extremely large and growing data stores at a fraction of the cost, the company announced Wednesday.

according to the agreement, the companies will work together to enable SQream’s GPU database as a cloud service offering to customers of Alibaba Cloud.

Founded in 2010, SQream has raised $13 million and has 35 employees in Israel and the US. Among its investors are Limburg Capital, Silbertech and others.

“The coupling of our leading GPU database together with Alibaba Cloud’s global infrastructure will enable enterprises around the globe to meet rising challenges in accessing and analyzing rapidly growing data stores,” said Ami Gal, CEO of SQream.

The partnership will provide Alibaba Cloud’s customers with reliable, scalable and on-demand access to large-scale data storage ranging from 10 Terabytes up to several Petabytes. Leveraging the global reach and accessibility of Alibaba Cloud, customers will have unparalleled data access available to them in an offering that is both cost-effective and easy to activate.

“GPU databases provide an innovative and cost-effective choice for enterprises to set up, access and analyze data at massive scale,” said Chaoqun Zhan, Director of Alibaba Database Business. “Partnering with SQream will enhance the capabilities of our global technological ecosystem, empowering growing enterprises world-wide.”

SQream develops and markets SQream DB, a SQL analytical database, harnessing the power of thousands of parallel processing cores in GPUs. The solution allows users to easily ingest, store and analyze tens to hundreds of terabytes of data with significantly reduced infrastructure and manpower resources. The result is unparalleled power and flexibility when exploring and analyzing big data. The latest investment reinforces the rising challenge facing enterprises to take full advantage of the rapidly growing data stores.

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