Milvus Raises $60M in Series B
Milvus has successfully raised $60M in a Series B at a $300M valuation led by Prosperity7 Ventures, Pavilion Capital, Hillhouse Capital.
Company Overview
Milvus is a Database company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2019 with 100+ employees.
Open-source vector database
Fundraising Details
- Amount Raised: $60M
- Round Type: Series B
- Valuation: $300M
- Date: 2024-08-09
- Investors: Prosperity7 Ventures, Pavilion Capital, Hillhouse Capital
About Milvus
Open-source vector database The company is positioned in the Database sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 548 Market Street, San Francisco, CA 94104
- Founded: 2019
- Team Size: 100+
- Industry: Database
What This Means
This funding round demonstrates strong investor confidence in Milvus's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Database sector continues to attract significant investment as companies innovate to meet evolving market demands. Milvus's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $300M valuation marks an important milestone for Milvus, positioning the company among notable players in the Database industry.
Looking Ahead
With this new capital, Milvus is well-positioned to execute on its growth strategy and continue building innovative solutions in the Database space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2024-08-09. For more information about Milvus, visit their headquarters at 548 Market Street, San Francisco, CA 94104.
