SQream Raises $39.4 Million in Series B+ Financing Round to Accelerate its Deep Tech Product Innovation for the Rapid Analytics of Massive Data Stores – SQream – GPU Data Warehouse

TEL AVIV, ISRAEL, JUNE 24, 2020— SQream, provider of a data analytics velocity platform that enables business to acquire insights from their enormous information stores, revealed today that it has actually raised $39.4 million in Series B+ financing. The round was led by Mangrove Capital Partners and Schusterman Family Investments, who signed up with existing investors, including Hanaco Equity capital, Sistema VC, World Trade Center Ventures, Blumberg Capital, Silvertech Ventures and Alibaba Group (NYSE: BABA). The earnings of the financial investment will be utilized to recruit top skill to speed up developments in the Company’s technology and cloud development, and customer delivery platforms to better serve worldwide demand.While the COVID-19

pandemic produced a major obstacle for some business, SQream’s growth is speeding up and the Company picked to raise funds from leading brand-new investors, and to add experienced investor Charlie Federman from Silvertech Ventures, and leading venture capitalist Roy Saar from Mangrove Capital Partners to its board of directors. This round of funding further highlights both the company’s existing and brand-new investors’confidence in SQream, and the group’s capability to provide organisation vital innovation to leading international business.”I have actually watched with interest the item development and resulting consumer interest that SQream has made from big global customers,” stated Charlie Federman, Partner at Silvertech Ventures.” I am delighted to be signing up with SQream’s board of directors at this crucial time in its growth into the cloud, and believe that SQream will be a truly crucial vendor for business that require help getting timely vital insights from their information.”SQream’s information acceleration platform allows the fastest readily available analysis of numerous terabytes to petabytes of raw information from Hadoop or other information warehouses and databases. With SQream in their information pipeline, enterprises get unrestricted access to their data, and are free to focus on discovering new service powering insights.”Provided the growth of data, which has actually been on a rocket-ship trajectory to zettabyte levels due

to fast digitalization, we are simply scraping the surface area of how companies will be creating worth from their data, “stated Roy Saar, Partner at Mangrove Capital Partners.”We are impressed by the quality and experience of the management team. We likewise share the conviction in SQream’s essential function in driving organisation efficiency and offering a competitive edge. I could not be more ecstatic about SQream’s capacity for making a considerable effect in the market.” “From the very beginning, our vision has been to make it possible for enterprises to evaluate more of their data much faster, supplying better, more precise and extensive business insights, “said Ami Gal, CEO and co-founder of SQream.”We have made our vision a truth by continuously improving our item, and by buying leading developers who take pleasure in the difficulty and inspiration of deep tech item development.””The commitment we have actually received from both brand-new and existing investors in this round, and from our customers, even throughout such a tough period, is a strong

recognition of our vision and market potential,” noted Gal.”We anticipate collaborating to accelerate our growth, and to more empower enterprises around the world with timely and impactful business insights. “About SQream Technologies SQream develops and markets SQream DB, designed to get unparalleled service intelligence from huge information shops. Global business use SQream DB to evaluate more data than ever before, while attaining improved efficiency, minimized footprint, substantial cost savings and the ability to scale the amount of data they examine to numerous terabytes and more. SQream DB is offered both on property and in the cloud. To read more, go to sqream.com or follow us on twitter @sqreamtech.