Sector Database News Today

The bank is building an internal database to support generative artificial intelligence, in a move aimed at improving the functionality of its mobile app.

NoSQL database Aerospike today announced that it has raised a $100 million Series E round led by Sumeru Equity Partners. Existing investor Alsop Louie Partners also participated in this round. In 2009, the company started as a key-value store with a focus on the adtech industry; Aerospike has since diversified its offerings quite a bit.

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Retool started out as a platform for building line-of-business apps, but over the last few years, the well-funded startup added a number of backend services as well, including, most recently, a workflow automation service. As Retool CEO and co-founder David Hsu told me, a lot of his customers are already looking at how to use AI in their apps, but for most enterprises, the value in using these tools is in being able to reason over their internal data. While few businesses have the resources to...

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