SQream Technologies Funding, Investors & Competitors

SQream Technologies has raised $120M across 4 funding rounds, most recently a $45M Series C in September 2023.

Last SQream Technologies funding round

$45M

Series C · Sep 2023

Cumulative funding SQream Technologies raised

$120M

across 4 funding rounds

Key investors in SQream Technologies

  • Blumberg Capital
  • World Trade Ventures
  • Alibaba Group
  • Hanaco Venture Capital
  • Sistema_VC
  • Silvertech Ventures
  • Paradiso Ventures
  • AngelList

SQream Technologies Overview

About SQream Technologies

SQream Technologies is a Tel Aviv-headquartered big data analytics firm delivering SQL-based processing on GPU hardware for petabyte-scale datasets. Founded in 2010, SQream DB handles 100x faster queries than CPU systems, cutting hardware costs by 80 percent for clients like Scuderia Ferrari and Koch Industries. The platform analyzes 10 trillion rows per hour in sectors including cybersecurity and energy. SQream partners with NVIDIA and Cloudera, supporting integrations with Tableau and Power BI. Deployed in 50 countries, it powers real-time fraud detection and genomic sequencing workflows.


Founded

2010

HQ

United StatesNew York City, NY

Website

sqream.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

SQream Technologies Funding History

SQream Technologies has raised a total of $120M across 4 funding rounds.

SQream Technologies' first fundraising round was a $9M Series A in June 2015. The most recent completed round was a $45M Series C in September 2023.

SQream Technologies funding rounds

SQream Technologies funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2023Series CWorld Trade Ventures (lead); Blumberg Capital; ICON Continuity Fund; Freddy & Helen Holdings.; Schusterman Family Investments; George Kaiser Family Foundation$45MSQream Technologies is an Israel-based company founded in 2010 that provides a GPU-accelerated big data analytics platform, enabling enterprises to process extremely large and complex datasets up to 100 times faster at 10% of the cost of traditional solutions, targeting verticals like semiconductors, manufacturing, telecom, financial services, healthcare, with customers including Orange, Samsung, LG, Alibaba, and PubMatic. The platform supports cloud and on-premises environments, reducing data ingestion times by 90%, preparation times by 90%, footprint by 90%, and costs by 80%, positioning it for analytics and AI/ML workloads. On September 12, 2023, SQream raised a $45 million Series C funding round led by World Trade Ventures, with participation from Blumberg Capital, Freddy & Helen Holdings, George Kaiser Family Foundation, ICON Continuity Fund, and Schusterman Family Investments, bringing total funding to approximately $121.8M to $163M across five rounds. Funds are earmarked for growth, particularly doubling down in North America. SQream's technology leverages massive parallel GPU processing for cost-efficient, low-carbon data analytics, aligning with market demands in AI-driven enterprises.
Jun 2020Series BCharles and Lynn Schusterman Family Philanthropies (lead); Mangrove Capital Partners (lead); Blumberg Capital; Hanaco Venture Capital; World Trade Ventures; Alibaba Group; Silvertech Ventures; Sistema_VC$39MSQream Technologies is a data analytics acceleration platform provider that enables enterprises to analyze massive data stores, from hundreds of terabytes to petabytes, using GPU-accelerated data warehousing for rapid insights from Hadoop or other databases. Founded in 2010 by CEO Ami Gal and CTO Raz Shoshani, the company headquartered in New York with R&D in Tel Aviv and offices in London, France, and South Korea, had around 80 employees at the time. Its SQream DB, launched in 2014, claims to execute queries up to 60 times faster than Hadoop in some cases, reducing processing times dramatically for customers like carriers. On June 24, 2020, SQream raised $39.4 million in a Series B+ funding round led by Mangrove Capital Partners and Charles and Lynn Schusterman Family Philanthropies (also referred to as Schusterman Family Investments), with participation from existing investors including Hanaco Venture Capital, Sistema VC, World Trade Ventures (or World Trade Center Ventures), Blumberg Capital, Silvertech Ventures, and Alibaba Group. This brought total funding to over $50 million since inception, with prior rounds including $26.4 million in 2018 led by Alibaba, reaching approximately $77 million overall per some reports. Charlie Federman of Silvertech Ventures and Roy Saar of Mangrove Capital Partners joined the board. The funds were allocated to recruit top talent, accelerate deep tech product innovation, advance cloud platforms, and enhance customer delivery to support global expansion amid rapid growth during the COVID-19 period. CEO Ami Gal highlighted exponential growth, the need for dozens of developers, and validation from investors and customers despite challenges. SQream positions itself against legacy relational databases and GPU database competitors like Kinetica, emphasizing scalability for analytics workloads with partners such as Datatrend Technologies.
May 2018Series BAlibaba Group (lead); Hanaco Venture Capital; Glory Ventures; World Trade Ventures; Silvertech Ventures; Paradiso Ventures; Sistema_VC$26MSQream Technologies, a Tel Aviv-based developer of SQream DB, a GPU-accelerated SQL analytical database leveraging NVIDIA GPUs for analyzing massive data stores at reduced cost and infrastructure, raised $26.4 million in a strategic Series B funding round on May 30, 2018, led by Alibaba Group with participation from Hanaco Venture Capital, Sistema.vc, World Trade Ventures, Paradiso Ventures, Glory Ventures, and Silvertech Ventures. The round brought total funding to over $40 million. This investment deepened the February 2018 collaboration between SQream and Alibaba Cloud, enabling Alibaba customers to access SQream DB for cost-effective big data analytics starting in October 2018. The funding was earmarked to accelerate technological integration with ecosystem partners, expand global sales and marketing teams, and enhance SQream DB features, with a focus on penetrating the Chinese market and other regions. Supported on hardware like NVIDIA Tesla GPUs in servers from Dell, HPE, and IBM, SQream ingests data from sources like Oracle via ETL tools and works with storage from DDN, NetApp, and others. New Asian customers included Thai operator AIS and India's ACL Mobile. SQream positions its database as a solution for enterprises facing challenges with exponentially growing data volumes, offering speed advantages over CPU-based systems for analytics on tens to hundreds of terabytes. CEO Ami Gal highlighted the investor confidence, particularly from Alibaba, to address cloud analytics barriers. The company later raised additional rounds, including $39.4 million in Series B+ led by Mangrove Capital Partners and Schusterman Family Investments, bringing total funding toward $77 million by that point.
Jun 2015Series ABlumberg Capital (lead); AngelList; Paradiso Ventures$9MSQream Technologies raised $7.4 million in a Series A funding round in June 2015 led by Blumberg Capital. The funding supported its patent-pending technology for analyzing up to 100 terabytes of raw data on a single computing node in near real-time. Blumberg Capital participated in this early-stage round, consistent with their investment history in SQream from June 4, 2015. SQream Technologies develops GPU-accelerated databases to address big data analytics challenges, focusing on performance, reduced footprint, and cost savings. The company has raised a total of $121.8 million across five funding rounds, with Blumberg Capital involved in multiple rounds including Series A, Series B-II in 2020, and Series C in 2023.

Who has invested in SQream Technologies?

15 investors have backed SQream Technologies across its funding rounds, including Blumberg Capital, World Trade Ventures, Alibaba Group, Hanaco Venture Capital, Sistema_VC and Silvertech Ventures.

Lead investors include World Trade Ventures, Charles and Lynn Schusterman Family Philanthropies, Mangrove Capital Partners, Alibaba Group and Blumberg Capital.


SQream Technologies Investors

Investors in SQream Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
Blumberg CapitalUnited StatesSan Francisco, CA3LeadJun 2015
World Trade VenturesUnited StatesNew York City, NY3LeadMay 2018
Hanaco Venture CapitalIsraelTel Aviv2ParticipantMay 2018
Alibaba GroupChinaHangzhou2LeadMay 2018
Silvertech VenturesUnited StatesNew York City, NY2ParticipantMay 2018
Paradiso Ventures--2ParticipantJun 2015
Sistema_VCRussiaMoscow2ParticipantMay 2018
Charles and Lynn Schusterman Family PhilanthropiesUnited StatesTulsa, OK1LeadJun 2020
ICON Continuity FundUnited StatesSan Francisco, CA1ParticipantSep 2023
Freddy & Helen Holdings.--1ParticipantSep 2023
Mangrove Capital PartnersLuxembourgLuxembourg1LeadJun 2020
Glory VenturesChinaShanghai1ParticipantMay 2018
Schusterman Family InvestmentsUnited StatesNew York City, NY1ParticipantSep 2023

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Acquisitions by SQream Technologies

SQream Technologies has acquired 1 company to date.

Last acquisition by SQream Technologies was on December 14th 2021. SQream Technologies acquired Panoply for undisclosed valuation.


Latest Acquisitions by SQream Technologies

Panoply
Description
Panoply is a data warehouse platform acquired by Snowflake in 2022, specializing in automated ETL pipelines for cloud analytics. New York-headquartered since 2015, it ingests data from 100+ sources into Redshift-compatible warehouses, serving enterprises like Shopify and PepsiCo. The service employs machine learning for schema inference and query optimization, reducing setup time by 80 percent. Panoply handles petabyte-scale datasets, integrating with BI tools such as Tableau and Looker.
HQ CountryIsrael
HQ City
Tel Aviv
Deal Date14 Dec 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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SQream Technologies Competitors

SQream Technologies competitors include listed companies like ServiceNow, Datadog, RELX and Strategy, and private ones like ClickHouse and Celonis.

Public and private companies comparable to SQream Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ServiceNowUnited StatesUnited StatesPublicly listed$13B$2.6B$143B9.6x
DatadogUnited StatesUnited StatesPublicly listed$3.4B($588K)$85B19.4x
RELXUnited KingdomUnited KingdomPublicly listed$13B$4.9B$59B5.3x
StrategyUnited StatesUnited StatesPublicly listed$477M($5.4B)$53B144.4x
ClickHouseUnited StatesSan Francisco, CAPrivate$160M-$15B93.8x
CelonisGermanyMunichPrivate$400M-$13B32.5x

SQream Technologies Public Comps

SQream Technologies is still privately-owned, but its public comps include Palantir, ServiceNow, Datadog, RELX, Strategy, Verisk Analytics, Fair Isaac, Wolters Kluwer, Dynatrace and Elastic.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
RELX$13B$4.9B5.5x5.3x14.4x13.2x
Strategy$477M($5.4B)149.4x144.4x(13.1x)(12.3x)
Verisk Analytics$3.1B$1.7B8.8x8.5x16.2x15.1x
Fair Isaac$2B$951M13.2x10.4x27.6x17.1x
Wolters Kluwer$7.1B$2.5B3.2x3.1x8.9x9.3x

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Common questions about SQream Technologies

When was SQream Technologies founded?SQream Technologies was founded in 2010.
Where is SQream Technologies headquartered?SQream Technologies is headquartered in New York City, NY, United States.
Is SQream Technologies publicly listed?No, SQream Technologies is a private, VC-backed company.
How much funding has SQream Technologies raised?SQream Technologies has raised $120M across 4 funding rounds.
What was SQream Technologies' last funding round?SQream Technologies' last funding round was a $45M Series C in September 2023, led by World Trade Ventures.
Who are SQream Technologies' investors?SQream Technologies' investors include Blumberg Capital, World Trade Ventures, Hanaco Venture Capital, Alibaba Group, Silvertech Ventures, Paradiso Ventures, Sistema_VC, Charles and Lynn Schusterman Family Philanthropies, ICON Continuity Fund, Freddy & Helen Holdings. and 5 others.
Which companies are comparable to SQream Technologies?Companies comparable to SQream Technologies include ServiceNow, Datadog, RELX, Strategy, ClickHouse and Celonis.
How many companies has SQream Technologies acquired?SQream Technologies has acquired 1 company, including Panoply.

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