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About PingCAP
Industries
Data & Analytics
Enterprise Software
Company Size
201-500
Company Stage
Series D
Total Funding
$341.6M
Headquarters
Sunnyvale, California
Founded
2015
Overview
PingCAP specializes in database management solutions, focusing on its product TiDB, which is an open-source, distributed SQL database capable of handling both transactional and analytical processing (HTAP). TiDB allows users to manage real-time data and gain insights without the scaling issues common in traditional databases. The company serves a wide range of clients, from small startups to large enterprises, particularly in the tech and internet sectors, who require scalable and flexible database solutions for large data volumes. Unlike many competitors, PingCAP offers TiDB as both an open-source software and a cloud-based service (TiDB Cloud), allowing clients to choose between a free version or a subscription-based service with additional features and support. The goal of PingCAP is to provide a cost-effective and resilient database solution that enhances real-time decision-making and operational efficiency for businesses.
Simplify's Take
What believers are saying
- PingCAP's expansion in Asia-Pacific strengthens its global market presence.
- Winning AWS Partner Awards enhances PingCAP's credibility and industry recognition.
- The rise of open-source software adoption benefits PingCAP's business model.
What critics are saying
- Redpanda's serverless platform poses competitive threats to PingCAP's offerings.
- Rapid expansion may strain resources and affect profitability.
- PingCAP's Honorable Mention in Gartner Magic Quadrant indicates competitive positioning challenges.
What makes PingCAP unique
- TiDB offers a unique HTAP solution, combining transactional and analytical processing.
- PingCAP's open-source model provides flexibility and cost-effectiveness for enterprises.
- TiDB's MySQL compatibility ensures easy integration with existing systems.
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Funding
Total Funding
$341.6M
Above
Industry Average
Funded Over
5 Rounds
Coatue ManagementIndustry standards
Benefits
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%PingCAP has been named the winner of Technology Partner of the Year (GCR) and Marketplace Partner of the Year (GCR).
SINGAPORE, July 5, 2024 /PRNewswire/ -- PingCAP, the company behind the leading open-source distributed SQL database TiDB, announced the inauguration of its new Regional Headquarters at Bugis Junction Towers, Singapore. Distinguished guests, including PingCAP's senior leadership, esteemed partners, and industry leaders, attended the opening ceremony. It marked a significant milestone in PingCAP's ongoing expansion and commitment to the Asia-Pacific region.Since its inception, PingCAP has been at the forefront of database innovation, providing robust solutions to some of the world's most data-intensive companies. The establishment of the Singapore office signifies PingCAP's strategic expansion, aimed at enhancing its service offerings and support for its rapidly growing customer base in Asia-Pacific."Our new regional headquarters in Singapore is a crucial part of our global growth strategy," said Davis Zhu, Senior Vice President and General Manager of PingCAP APAC. "Singapore's dynamic tech and innovation landscape makes it the ideal place for us to enhance our client service and drive business growth in the region. Being in Singapore allows us to enter new markets, build stronger relationships with our partners, and empower the local developer community with the tools and knowledge they need to succeed."PingCAP supports over 3,000 TiDB enterprise database users in more than 50 countries, with over 30,000 TiDB Serverless database clusters in operation worldwide
PingCAP wins 2024 Data Breakthrough Awards.
LONDON--(BUSINESS WIRE)--At Kafka Summit London, Redpanda announced the availability of Redpanda Serverless, a fully managed, pay-as-you-go edition of its powerful, cost-effective streaming data platform. Redpanda Serverless empowers developers to get started with streaming data in seconds and to automatically scale the service up or down to match their data workloads. As with all Redpanda products, Redpanda Serverless is fully Apache Kafka® API-compatible, ensuring it works with the complete Kafka ecosystem without requiring changes to application code. “The magic of Redpanda Serverless is its ability to create a globally available cluster in the blink of an eye,” said Redpanda CEO and founder Alex Gallego. “Engineered from the ground up for massive multi-tenancy, speed and performance, Redpanda Serverless is the most cost effective and simplest way to get started with streaming, whether you are a solo dev just getting started or an expert at a large enterprise looking to absorb spikes and scale to zero during downtime.”. With Redpanda Serverless, developers will be able to tap into the Redpanda streaming data ecosystem to build new real-time applications
Bhanu Jamwal, APAC Head of Presales and Solution Engineering at PingCAP, wins TiDB award for Remarkable Banking Software Infrastructure at Fintech Festival India Awards 2024
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About PingCAP
Industries
Data & Analytics
Enterprise Software
Company Size
201-500
Company Stage
Series D
Total Funding
$341.6M
Headquarters
Sunnyvale, California
Founded
2015
PingCAP is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to PingCAP