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About Rockset
Industries
Data & Analytics
Enterprise Software
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$108.5M
Headquarters
San Mateo, California
Founded
2016
Overview
Rockset specializes in real-time search and analytics databases for the cloud, enabling businesses to quickly build and deploy real-time features and applications. Its product allows users to ingest data without needing predefined schemas and run complex SQL queries immediately, eliminating traditional data processing steps like ETL. This flexibility saves developers time and accelerates feature development. Rockset operates on a subscription model, charging clients based on their usage of compute and storage resources, which makes it a cost-effective solution. The technology supports instant scaling of queries without needing additional read replicas, making it efficient for large-scale data operations. Clients across various industries, such as construction and insurance, have reported significant operational improvements using Rockset, which enhances their ability to manage and analyze large volumes of data in real-time.
Simplify's Take
What believers are saying
- OpenAI's acquisition could enhance Rockset's AI-driven analytics capabilities.
- Rockset's new architecture offers a 30% cost reduction, attracting cost-sensitive clients.
- Partnerships with AWS and Confluent could expand market reach and innovation.
What critics are saying
- Integration challenges with OpenAI may delay synergy realization, affecting customer satisfaction.
- Transitioning existing customers post-acquisition may lead to customer churn.
- Intensifying competition from companies like Elasticsearch could impact market share.
What makes Rockset unique
- Rockset eliminates the need for ETL, enabling real-time data processing.
- The platform supports SQL queries on raw data without predefined schemas.
- Rockset's cloud-native architecture allows instant scaling without additional read replicas.
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Funding
Total Funding
$108.5M
Above
Industry Average
Funded Over
5 Rounds
Greylock PartnersBenefits
Financial - Competitive salaries, 401k match, and financial planning resources
Health - Fully funded comprehensive health, dental, and vision plans
Family - 4 month paid parental leave and fertility benefits to support you and your growing family
Unlimited PTO - Take PTO when you need it; the only restriction is it should be at least 3 weeks per year (seriously!)
Flexibility - Flexible work hours and locations, including freedom to be fully or partially remote
Cutting-edge tech - All the best tech to get your work done, including office allowances for remote employees
Food - Lunch provided daily, both in-office and remote
Fun - Company events year-round, including work from Tahoe week, BBQs, quarterly on-sites, happy hours and board game nights
Company News
With more than 25 years of channel management experience, Dodson joined from Rockset (acquired by OpenAI), where she led the alliances and partner marketing functions and helped co-build joint GenAI opportunities with AWS, Confluent, and others.
OpenAI acquired a technology from Rockset that will enable the creation of new products, real-time data analysis, and recommendation systems, possibly signaling a new phase for OpenAI that could change the face of search marketing in the near future.
Over the years, Rockset has raised a total of $109 million in funding from notable investors such as Greylock Partners, Sequoia Capital and Glynn Capital.
Microsoft-backed OpenAI has acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products, the ChatGPT maker said on Friday.
Details of how Rockset's real-time search and analytics database will integrate with OpenAI's products are unclear (as is the sum OpenAI is paying to acquire Rockset).
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About Rockset
Industries
Data & Analytics
Enterprise Software
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$108.5M
Headquarters
San Mateo, California
Founded
2016
There are no jobs for Rockset right now.
Find jobs on Simplify and start your career today