PingCAP

PingCAP, founded in 2015, has raised $641.6 million across Seed, Series A, B, C, and multiple Series D financings, reaching a $3 billion valuation. Major rounds include a $270 million Series D in 2020 and a $300 million Series D close in 2021 led by investors including Sequoia Capital and GGV Capital. PingCAP develops TiDB, a distributed NewSQL database that supports hybrid transactional and analytical processing for enterprise cloud environments. With strong investor backing, the company is positioned to expand TiDB Cloud and drive adoption of scalable database solutions globally.