{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgN6dh-UIDA","lastupdate":"2023-12-17T00:00:00.000Z","update_date":"2023-12-17T00:00:00.000Z","lastModified":"Apr 16, 2024","active":1,"confidence_score":100,"confidence_score_reason":"markets","urlname":"sqream-technologies","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$5tHkNUHYOgIHacDYmMo1do54uFlUVUFqBRuzelZIZVddCGiCZWH2Hv","name":"SQream Technologies","oneliner":"Data Analytics Acceleration","registrar":"514467752","website":"https://sqream.com/","careerspage":"https://sqream.com/careers","founded_month":6,"founded_year":2010,"formernames":[],"sociallinks":{"twitter":"https://twitter.com/SQreamTech","youtube":"https://www.youtube.com/user/sqreamtechnologies","facebook":"https://www.facebook.com/sqreamtech","linkedin":"https://www.linkedin.com/company/2515598","instagram":""},"social":["https://www.facebook.com/sqreamtech","https://www.youtube.com/user/sqreamtechnologies","https://www.linkedin.com/company/2515598","https://twitter.com/SQreamTech"],"flattenedsociallinks":"https://www.facebook.com/sqreamtech|https://www.youtube.com/user/sqreamtechnologies|https://www.linkedin.com/company/2515598|https://twitter.com/SQreamTech","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"51-200","employees_exact":80,"patent":1,"raised":120100000,"stage":"C","public_stage":"C","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4JvZwIIIDA","primary_sector":"Business Software","alternativenames":[""],"about":"SQream Technologies delivers a high-performing SQL database powered by a graphics processing unit. The database is designed to quickly resolve issues with big data and complex analytics in order to help businesses interact dynamically with their digital assets.\n\nRequiring hardly any changes to hardware or infrastructure, SQream enables businesses to easily ingest, store, and analyze hundreds of terabytes of data easily and in near-real time. The SQream platform enables increased productivity for data scientists by creating faster BI dashboards and effective data science models.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+97235444871","country":null,"address":{"israeli":[{"id":"25d35f07-cd81-419a-a1d3-7b09dea89dcc","city":"Tel Aviv-Yafo","type":null,"address":"Yigal Alon Street 94, Tel Aviv-Yafo, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":[{"id":"6aa31c33-cf36-4b45-bde4-c50022651204","city":"New York","address":"7 World Trade Center, 250 Greenwich Street, New York, NY 10007, USA","country":"United States","placeid":null}]},"headquarter_address":null,"district":"Center District","news":[{"id":"1HEqBAP61vSAkf1Z3cgXdymwc1NAInFA2zmd33AFZyDQdUOAO8wDXb","date":"Dec 22, 2024","link":"https://www.calcalistech.com/ctechnews/article/r100nuceske","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"layoffs","company":"SQream","layoffs":20,"summary":"SQream, a big data analytics company, has recently undergone significant changes. The company laid off about 20 employees, reducing its workforce to approximately 70, which is less than half of its peak size. Additionally, CEO Ami Gal is stepping down after 14 years and will join the board of directors, prompting a search for a new CEO. Despite these challenges, SQream successfully completed a $45 million Series C financing round in September 2023, led by World Trade Ventures and other investors. The company, founded in 2010, specializes in accelerating data and analytics for big data and AI/ML workloads using patented GPU technology.","partners":null,"customers":null,"investors":["World Trade Ventures","Schusterman Investments","George Kaiser Foundation (Atento)","Icon Continuity Fund","Blumberg Capital","Freddy & Helen Holdings"],"confidence":10,"key_topics":["big data","analytics","AI/ML","GPU technology","workforce"],"date_of_event":"September 2023","valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":45000000,"structured_issues":["Layoffs","Investment","Management Changes"],"acquisition_amount":null,"structuredIssuesShow":"#Layoffs  #Investment  #Management Changes","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"wFp9VmAavKFqEkynWaMqDZJkeWtY3n7HIEY2826FPPeKEuWqzzMu8s","news_summary":"The big data analytics company has laid off about 20 employees in recent months and currently employs about 70 people, less than half of its peak workforce.","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"zdISCUmQsc5T5sRFEV4VbQZuUNuykygFO9TkUW2wqTGQgJsiMk7jm5","date":"Sep 25, 2024","link":"https://www.calcalistech.com/ctechnews/article/bkjpvszrr#autoplay","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"AI","company":"SQream","layoffs":null,"summary":"In an interview at AI 2024, SQreams Co-founder and CEO, Ami Gal, discussed the transformative impact of AI and data on various industries, particularly healthcare. He emphasized the role of AI in creating valuable insights for enterprises, describing the emergence of AI factories that leverage data and algorithms to drive innovation. Gal highlighted SQreams contribution to this landscape by integrating data processing with AI algorithms on GPUs, which is crucial for applications in sectors like healthcare and transport. He noted that AI and machine learning have significantly advanced drug development and genome research, leading to improved treatments and healthcare solutions.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["AI","data","healthcare","GPUs","enterprise"],"date_of_event":"2024","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":[],"acquisition_amount":null,"entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"6npFnaEvZcCxjgssRqD5MYZUCbswdfNNg0LRwnnWLoADrpYMgwE8Vn","news_summary":"Co-founder and CEO Ami Gal sat with CTech for an extended interview at AI 2024 to discuss the importance of data in today’s world. ","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"aVceEQPClOHBkUGCHKTxktN3FbvJFWHaVQC33cBgnfcDTKKi1XWm9B","date":"Sep 12, 2023","link":"https://www.calcalistech.com/ctechnews/article/hjd11neprh","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"Investment, Expansion, Management Changes","company":"SQream","layoffs":"None mentioned","summary":"Data analytics firm SQream has raised $45 million in a Series C funding round led by World Trade Ventures, with participation from Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings. The funds will be used to expand the companys presence in North America, extend strategic partnerships, and advance AI/ML enterprise capabilities and big data analytics. SQreams solution uses GPUs to process large and complex datasets more efficiently. The company, which employs around 150 people, has seen its valuation rise in the Series C round and has raised a total of $135 million to date.","partners":"Not specified","customers":"Not specified","investors":["World Trade Ventures","Schusterman Investments","George Kaiser Foundation (Atento)","Icon Continuity Fund","Blumberg Capital","Freddy & Helen Holdings"],"confidence":9,"key_topics":["Series C Financing","Data Analytics","AI/ML","Expansion","Management Change"],"date_of_event":"Not specified","valuation_amount":"Not specified","impact_on_company":"growth-positive","investment_amount":"$45 million","structured_issues":["Investment","Expand","Management Changes"],"acquisition_amount":"Not applicable","structuredIssuesShow":"#Investment  #Expand  #Management Changes","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"GXrsZWxhkxUfZSReDaXW2O9SGyFUGqdk3DSzMtlixCUJppRcHtCwRQ","news_summary":"SQream nets $45 million Series C to unleash the full potential of GPUs | CTech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"EU9ygEQLqGkrh9HUQmedm2zSlXEh8VPkEXZQEwYhaVf2Tzgyoq6TGD","date":"Sep 6, 2022","link":"https://venturebeat.com/data-infrastructure/sqream-hitachi-vantara-team-up-to-accelerate-peta-scale-data-analytics/","source":"venturebeat.com","visible":1,"analysis":{"tags":"partnership","company":"SQream","layoffs":null,"summary":"Tel Aviv-based company, SQream, has announced a partnership with Hitachi Vantara to integrate its data acceleration platform with Hitachi Content Software for File and Hitachi Content Platform. The combined solution will enable enterprises to perform rapid analytics on their data. The offering is already available to enterprise customers, providing them the ability to analyze larger stores of data with faster results and at a lower price point. The partnership addresses the challenge of analyzing growing volumes of data within enterprises. The global datasphere is expected to grow from 33 Zettabytes in 2018 to 175 Zettabytes by 2025.","partners":["Hitachi Vantara"],"customers":null,"investors":null,"confidence":9,"key_topics":["data warehouse","analytics","partnership","data management","digital infrastructure"],"date_of_event":"2022-09-06","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"5b219xzZv8T9vKyZavAiYvVAhnLvCK7mo5MT2tkhKSVwBNdYyLMM0i","news_summary":"SQream-Hitachi Vantara team up to accelerate peta-scale data analytics","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"961431dd-bee5-4a30-88a3-65b8cf655e92","date":"Jul 6, 2022","link":"https://www.calcalistech.com/ctechnews/article/hyvmtrmo9","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"layoffs","company":"SQream","layoffs":30,"summary":"Data analytics startup SQream is laying off 30 of its 170 employees, most of them in Israel. The layoffs are a result of the companys need to quickly adjust to the new reality and reach a balanced bottom line without relying on outside funding. SQream, which acquired Panoply for an estimated $60-70 million, is facing competition from companies like Snowflake, Amazon, and Oracle. The company is now focused on generating revenue from new and existing clients.","partners":null,"customers":null,"investors":["Mangrove Capital Partners","Schusterman Family Investments","Hanaco Venture Capital","Sistema.vc","World Trade Center Ventures","Blumberg Capital","Silvertech Ventures","Alibaba Group"],"confidence":8,"key_topics":["Data analytics","Layoffs","Competition","Financial situation","Revenue generation"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":null,"structured_issues":["Layoffs"],"acquisition_amount":"$60-70 million","structuredIssuesShow":"#Layoffs","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"JprvSNlXx0GbqrQ1ysVVrY37MCfQasXIL84OTOD6U1pxmKc09YtY2L","news_summary":"SQream slashes over 15% of workforce  CTech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"46227cf7-14c6-4d8a-893a-336404ea9ccd","date":"Dec 15, 2021","link":"https://www.calcalistech.com/ctech/articles/0,7340,L-3925096,00.html","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"acquisition","company":"SQream","layoffs":null,"summary":"SQream, a GPU-based data analytics platform, has acquired Panoply, an Israeli company. The acquisition is estimated to be between $60-70 million. SQream will expand its cloud offering by integrating Panoplys no-code ELT and data warehouse management services into its hybrid analytics platform. The acquisition will allow SQream to provide companies with the ability to generate insights from any data environment. Panoplys 30 employees will join the SQream team. SQream has raised $77 million to date from various investors.","partners":null,"customers":null,"investors":["Intel Capital","Blumberg Capital","Ibex Investors","C5 Capital","Mangrove Capital Partners","Schusterman Family Investments","Hanaco Venture Capital","Sistema.vc","World Trade Center Ventures","Silvertech Ventures","Alibaba Group"],"confidence":9,"key_topics":["no-code cloud data platform","hybrid data platform","cloud offering","data analytics","Panoply acquisition"],"date_of_event":"15.12.21","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Acquisition"],"acquisition_amount":"$60-70 million","structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"XwdoDuwTzTCaPEujO3wihEQNhGZR8w1xj7RjIEUI1QFpxx6K81Ynpp","news_summary":"SQream acquires Israel's Panoply in $60-70 million deal","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"dd8f75f2-d30c-403d-9b42-769c258ebd58","date":"Oct 26, 2020","link":"https://www.rtinsights.com/pandemic-proves-the-business-value-of-rapid-analysis-and-insight-in-the-midst-of-a-data-revolution/","source":"www.rtinsights.com","visible":1,"analysis":{"tags":"data analytics","company":"SQream","layoffs":null,"summary":"The article discusses the increasing importance of data analytics technologies and specialized skill sets in the face of the COVID-19 pandemic. It highlights the need for innovative data processing technologies to handle massive data volumes and gain valuable insights. The article mentions that COVID-19 has forced companies to realign their priorities and focus on translating their data into business benefit. Industries such as finance, retail, and telco are particularly affected, with data analytics playing a crucial role in risk management, customer assistance, and operational efficiencies. The article also emphasizes the growing power and importance of data teams and Chief Data Officers (CDOs) within organizations. It concludes by stating that the Massive Data Revolution is here to stay, and organizations need to embrace new data analytics platforms to stay ahead of the competition.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["COVID-19","data analytics","industries","online shopping","telco industry"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"73FbR80BHT1tootmKbNpq98I5HvBQ4PzntUOSvStwFD3Q5IMRzmFtA","news_summary":"Pandemic Proves the Business Value of Rapid Analysis and Insight in the Midst of a Data Revolution - RTInsights","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"61d2afb0-5e5d-4370-96a2-fb851960b677","date":"Aug 12, 2020","link":"https://www.prnewswire.com/il/news-releases/sqream-connector-newly-featured-in-tableaus-extension-gallery-enables-interactive-analytics-on-massive-data-stores-301110725.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"data analytics","company":"SQream","layoffs":null,"summary":"SQreams data connector is now available in the Tableau Extension Gallery, providing Tableau customers with near real-time interactive analytics on terabytes to petabytes of data. The connector offers version compatibility and simplifies the addition of new data sources. The partnership with Tableau allows SQream to transform big data into real-time insights, improving business decision making. SQreams data acceleration platform performs complex SQL queries to be analyzed in Tableau, enabling fast data discovery and exploration. SQream DB is used by global enterprises to analyze massive data stores and achieve improved performance and cost savings.","partners":["Tableau"],"customers":null,"investors":null,"confidence":9,"key_topics":["data connector","Tableau","data analytics","partnership","data exploration"],"date_of_event":"August 12, 2020","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"R7is9wu5FUnV5RY97HKggZx27Mw7utq27uOnM961a7FBr6YdrXAlfk","news_summary":"SQream Connector Newly Featured in Tableau's Extension Gallery Enables Interactive Analytics on Massive Data Stores","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"5a29b67a-3e86-4c27-b83b-ed898b615525","date":"Jul 22, 2020","link":"https://www.calcalistech.com/ctech/articles/0,7340,L-3841112,00.html","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"data acceleration platform, multi-year contract, multi-million dollar contract, telecom industry, market share, mobile subscribers, 5G subscribers, solution, funding","company":"SQream Technologies Ltd.","layoffs":null,"summary":"SQream Technologies has signed a multi-year, multi-million dollar contract with a tier-1 mobile operator, estimated to be worth around $20 million. The companys data acceleration platform will help improve the quality of service for subscribers, minimize system downtime, reduce network costs, and create custom service packages. This agreement expands SQreams market share in the telecom industry. SQream recently raised $39.4 million in Series B+ funding, led by Mangrove Capital Partners and Schusterman Family Investments. The funding round included participation from existing investors. The mobile operator, whose name was not disclosed, has an estimated 30 million mobile subscribers and a growing base of 5G subscribers. The operator required SQreams solution to handle the increasing volume of data from 5G and IoT.","partners":null,"customers":"AIS, LG Uplus, Orange, Cellcum","investors":"Mangrove Capital Partners, Schusterman Family Investments, Hanaco Venture Capital, Sistema.vc, World Trade Center Ventures, Blumberg Capital, Silvertech Ventures, Alibaba Group","confidence":9,"key_topics":["SQreams data acceleration platform","multi-year, multi-million dollar contract","improving service quality","reducing network costs","increasing market share"],"date_of_event":"2020-07-22","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$39.4 million","structured_issues":["Customers","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"sxzFuwMI9iWuGTRUhm2SQgY2gj9egilTUpo8ECVZh3ADVfVFrltlGO","news_summary":"Israeli startup SQream inks $20 million deal with tier-1 mobile operator","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"f9fbf4a8-d023-423c-9dae-6fc120c5e4a5","date":"Jun 24, 2020","link":"https://www.calcalistech.com/ctech/articles/0,7340,L-3835636,00.html","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"funding","company":"SQream Technologies Ltd.","layoffs":null,"summary":"Israeli startup SQream Technologies has raised $39.4 million in Series B+ funding led by Mangrove Capital Partners and Schusterman Family Investments. The company is experiencing rapid growth and plans to recruit dozens of employees for its development center to advance its cloud development. The funding will be used to accelerate advancements in technology and cloud innovation, as well as customer delivery platforms. SQreams data acceleration platform enables rapid analysis of large amounts of raw data, and the company aims to provide better business insights to enterprises. The investors in this round include both new and existing investors.","partners":null,"customers":null,"investors":"Mangrove Capital Partners, Schusterman Family Investments, Hanaco Venture Capital, Sistema.vc, World Trade Center Ventures, Blumberg Capital, Silvertech Ventures, Alibaba Group","confidence":9,"key_topics":["funding","growth","recruiting","cloud development","data analysis"],"date_of_event":"2020-06-24","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$39.4 million","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"2wxtCKckfNSWn88iU0QSK16LpQmyqCdvjYOfbM4XFM4AKiWehaYAQg","news_summary":"Israel-based deep tech startup SQream raises $39.4 million in B+ funding","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"d3eb0872-6b3e-4904-a56a-585efb7225da","date":"Apr 25, 2020","link":"https://gisuser.com/2020/05/core-scientific-and-sqream-team-up-to-accelerate-massive-data-analytics-on-gpu-cloud-for-data-scientists/","source":"gisuser.com","visible":1,"analysis":{"tags":"partnership","company":"Core Scientific","layoffs":null,"summary":"Core Scientific and SQream have announced a partnership to bring accelerated analytics of massive data to the GPU Cloud for Data Scientists. This partnership provides cost-effective accelerated analytics based on GPU computing for machine learning and deep learning used by various industries. Core Scientific is a leader in artificial intelligence and blockchain technologies, while SQream is a leader in GPU-accelerated analytics. The partnership aims to empower data scientists to turn massive datasets into comprehensive and timely insights that have a direct impact on business performance. SQream DBs accelerated analytics platform will be accessible to more organizations through Core Scientifics near-cloud infrastructure.","partners":"SQream","customers":null,"investors":null,"confidence":8,"key_topics":["accelerated analytics","GPU Cloud","data scientists","SQream DB","Core Scientific"],"date_of_event":"April 23, 2020","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"gtXFwIEW31e9COcgZgJLMFFSwnvvObRJ576h42LOVhHclG0IGsG8Bu","news_summary":"Core Scientific and SQream Team Up to Accelerate Massive Data Analytics on GPU Cloud for Data Scientists - GISuser.com","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"865fe40f-270a-443c-883c-f818ab729ce9","date":"Aug 29, 2018","link":"https://www.prnewswire.com/news-releases/sqream-and-datatrend-announce-strategic-partnership-agreement-300703973.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"strategic partnership","company":"SQream","layoffs":null,"summary":"SQream has announced a strategic partnership with Datatrend Technologies to accelerate the market adoption of SQreams GPU-accelerated data warehouse solution. Datatrend, a technology solutions provider and integrator, will leverage its expertise in optimizing infrastructure solutions to maximize the reach of SQream DB. The partnership aims to solve big data challenges that traditional data warehouses are not designed to handle. SQream expects the partnership to expand its market reach in the US and enterprise market, while Datatrend will be able to offer improved data analytics to its customers. SQream DB enables businesses to analyze massive data stores with improved performance, reduced footprint, and significant cost savings.","partners":["Datatrend Technologies"],"customers":null,"investors":null,"confidence":8,"key_topics":["SQream DB","data warehouse","business intelligence","GPU acceleration","market adoption"],"date_of_event":"August 29, 2018","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"iIdJ8Huk6RKzazxMvgde3Oo1SNj18Ln7WuTtEI7xbpapYc8F4hmDVp","news_summary":"SQream and Datatrend Announce Strategic Partnership Agreement","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"c8119bad-11bc-429c-8e4c-85a2f7a75e14","date":"May 30, 2018","link":"https://www.prnewswire.com/news-releases/sqream-raises-264m-in-strategic-series-b-funding-round-led-by-alibaba-group-684033931.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"funding","company":"SQream","layoffs":null,"summary":"SQream, the developer of SQream DB, has raised $26.4 million in Series B funding. The funding round was led by Alibaba Group, with participation from existing and new investors. SQream DB is a powerful SQL analytical database that allows companies to analyze massive data stores at a fraction of the cost and administration. The latest investment reinforces the rising challenge facing enterprises to take full advantage of rapidly growing data stores. 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