In a Series-B round of funding led by Tiger Global, RelationalAI, a firm based in Berkeley, California that creates “knowledge graphs” for intelligent data apps, raised $75 million.
Former Snowflake CEO Bob Muglia joined the company’s board of directors. The business is supported by Seattle-based Madrona Venture Group, which also led the Series A financing.
As a database that models business concepts or “a natural representation of key relationships,” RelationalAI was founded in 2017 with the goal of assisting businesses in hastening the creation of intelligent data apps. They are designed to work with current cloud data systems like data lakes and warehouses.
The ability to “integrate complicated business logic and machine learning into the database itself” is what knowledge graphs promise, according to Muglia.
In a statement, he claimed that “this new generation of database systems support SQL and enhance it with a set of open, documented relational algorithms pioneered by RelationalAI.”
Muglia worked at Snowflake for five years until leaving in 2019. He previously worked for Microsoft for 23 years.
RelationalAI, according to S. “Soma” Somasegar, managing director at Madrona and a former Microsoft coworker of Muglia, would “revolutionize how data-driven intelligent applications are produced.”
In a blog post, he stated that “its platform is key to how next-generation data-driven intelligent apps will be produced.”
Former CEO of LogicBlox and Predictix Molham Aref now serves as the company’s CEO. The company has its headquarters in the Bay Area, but three of its executives are located in Seattle: CFO Rafael Gonzalez Caloni, VP of Engineering Martin Bravenboer, and VP of Product John Macintyre. The startup employs roughly 100 individuals.
The Series B round also included participation from Addition and Menlo Ventures. The total amount of investment is $122 million.