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relationalai 75m series tiger global exsnowflake
RelationalAI, a startup based in Berkeley, California, recently secured $75 million in a Series B funding round led by Tiger Global. The company specializes in building “knowledge graphs” for intelligent data applications. The funding round also saw the addition of former Snowflake CEO Bob Muglia to RelationalAI’s board.
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RelationalAI, founded in 2017, aims to assist companies in expediting the development of intelligent data applications by offering knowledge graphs. These graphs serve as databases that model business concepts and essential relationships. They are designed to be used in conjunction with modern cloud data platforms like data warehouses and data lakes.
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Bob Muglia commented that knowledge graphs hold the potential to integrate intricate business logic and machine learning directly into the database itself. He stated that this new generation of database systems supports SQL and enhances it with a series of open and published relational algorithms pioneered by RelationalAI.
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Bob Muglia had a five-year tenure as the CEO of Snowflake before stepping down in 2019. Prior to that, he spent 23 years at Microsoft.
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S. “Soma” Somasegar, managing director at Madrona Venture Group and a former colleague of Muglia at Microsoft, expressed his belief that RelationalAI will revolutionize the creation of data-driven intelligent applications. He stated that the company’s platform is essential for building next-generation data-driven intelligent applications.
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RelationalAI, led by Molham Aref, former CEO of Predictix and LogicBlox, is headquartered in the Bay Area. However, several executives, including CFO Rafael Gonzalez Caloni, VP of Engineering Martin Bravenboer, and VP of Product John Macintyre, are based in Seattle. The company currently employs approximately 100 individuals.
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In addition to Tiger Global, the Series B round also saw participation from Addition and Menlo Ventures. RelationalAI has raised a total of $122 million in funding to date.