Vanus Raises USD Mn in Seed Round Funding

Technology Author: Xin Zeng, Ruoxin Zhang Aug 02, 2023 06:41 PM (GMT+8)
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The Chinese start-up company "Vanus" announced the completion of a seed round of financing , with a financing amount of millions of dollars,Investors include Jingya Capital and Plug and Play,on July 31, 2023.

Vanus was established at the end of 2021 and currently provides two products - Data Pipeline (Vanus Connect) and Big Model Middleware (Vanus AI). The company focuses on building data pipelines and big model Middleware.

The data pipeline is the first product launched by Vanus. From a global perspective, data pipelines are not new, and Fivetran was a unicorn earlier. However, Vanus said that the role of the Fivetran data pipeline is to import business data into the Data lake, and its own Vanus Connect can connect with business tools such as SaaS applications, build an event processing engine based on unstructured business data, and respond to user requests based on data from different sources.

According to CCID Consulting's data, since 2018, the rapid development of Big data technology , as well as the intersection and integration of Big data with new technologies such as artificial intelligence, VR , 5G, blockchain, and edge intelligence, have continued to accelerate technological innovation. In 2020, the scale of China's Big data industry will reach CNY 638.80 billion(USD 9.936 billion), a year-on-year increase of 18.6%. It is expected to maintain an average annual growth rate of more than 15% in the next three years, and the industry scale will exceed  CNY 1 trillion(USD 154.9 billion)by 2023. At the same time, with the construction boom of new smart cities and digital cities , parks related to Big data have accelerated and the Big data industry has continued to grow.

On average,Vanus has recently had 4,000 + monthly new users, with overseas users accounting for 70%, mainly covering overseas markets such as the US, India, and the United Kingdom . From the perspective of user growth, the company stated that it currently takes overseas users as its main service target, and its open source community combined with PLG (Product-Led Growth) model drives user growth from bottom to top. Li Qipeng, the company's chief executive, said: "At present, Vanus has established partnerships in many countries and regions, and actively establishes ecological partnerships with model-level enterprises, application-level enterprises, and service providers."

The leading enterprises in China's database field include the following: CHINA TELECOM(Chinese:中国电信集团有限公司), Alibaba group(Chinese:阿里巴巴集团), Tencent Technology (Shenzhen) Co., Ltd., foreign Oracle Corporation(Chinese:甲骨文), IBM Corporation and so on.

In the specific implementation, Vanus Connect can help enterprises "come up with" truly useful and accurate business data, and then Vanus AI can directly use these data to help enterprises build Knowledge Base, and then improve the business effect of enterprises in certain scenarios through the reasoning of large models .