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David31Nee
2021-07-06

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Graph Database Startup Vesoft Seeks Funds at $1 Billion Value

Chinese firm looks to open Silicon Valley office in expansion Former Facebook employee founded the s

Graph Database Startup Vesoft Seeks Funds at $1 Billion Value

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tpchng
·2021-07-06
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The startup intends to open its first overseas office in Silicon Valley this year, he added.</p>\n<p>“We plan to talk to more U.S.-based investors who can help us tap global markets and clients for Nebula Graph,” Ye said in an interview last week.</p>\n<p>The entrepreneur founded Vesoft in 2018 after previously working for Facebook Inc. and Ant Group Co. The startup has raised $20 million from investors including Matrix Partners China, Source Code Capital and Redpoint China Ventures, according to Ye.</p>\n<p>Vesoft, which has about 70 employees, counts Tencent Holdings Ltd., Meituan, Kuaishou Technology and NetEase Inc. among its clients, according to its website.</p>\n<p>Sponsored ContentThe World's Fastest-Growing Smartphone Maker is Just Getting Startedrealme</p>\n<p>Graph technology involves mapping the relationships between entities such as organizations, people and transactions. Such technologycouldfacilitate rapid contextualization for decision making in 30% of organizations globally, according to research firm Gartner Inc.</p>\n<p>Neo4j Inc., another company that specializes in graph technology, in Juneraised$325 million in a series F funding round that brought the company’s valuation to more than $2 billion. Other major players in the field are Tiger Global-backedTigerGraphandDgraph.</p>\n<p><i>— With assistance by Dong Cao, and Katie Roof</i></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Graph Database Startup Vesoft Seeks Funds at $1 Billion Value</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGraph Database Startup Vesoft Seeks Funds at $1 Billion Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-06 09:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-06/graph-database-startup-vesoft-seeks-funds-at-1-billion-value?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese firm looks to open Silicon Valley office in expansion\nFormer Facebook employee founded the startup in 2018\n\nVesoft Inc.is planning a new funding round that could bolster the Chinese graph ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-06/graph-database-startup-vesoft-seeks-funds-at-1-billion-value?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-06/graph-database-startup-vesoft-seeks-funds-at-1-billion-value?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135720827","content_text":"Chinese firm looks to open Silicon Valley office in expansion\nFormer Facebook employee founded the startup in 2018\n\nVesoft Inc.is planning a new funding round that could bolster the Chinese graph database technology startup’s valuation to almost $1 billion, according to its founder and Chief Executive Officer Sherman Ye.\nThe new capital can help the three-year-old firm commercialize its product Nebula Graph and expand beyond China, Ye said, declining to provide more details on the latest fundraising plan. The startup intends to open its first overseas office in Silicon Valley this year, he added.\n“We plan to talk to more U.S.-based investors who can help us tap global markets and clients for Nebula Graph,” Ye said in an interview last week.\nThe entrepreneur founded Vesoft in 2018 after previously working for Facebook Inc. and Ant Group Co. The startup has raised $20 million from investors including Matrix Partners China, Source Code Capital and Redpoint China Ventures, according to Ye.\nVesoft, which has about 70 employees, counts Tencent Holdings Ltd., Meituan, Kuaishou Technology and NetEase Inc. among its clients, according to its website.\nSponsored ContentThe World's Fastest-Growing Smartphone Maker is Just Getting Startedrealme\nGraph technology involves mapping the relationships between entities such as organizations, people and transactions. 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