Aerospike
Real-time NoSQL database for large-scale, low-latency apps in banking, payments, and ad-tech.
On the record
Checkpoint: Next funding round, profitability announcement, or continued silence past 30 months since Series E
The call
Aerospike keeps its enterprise customers, but the funding silence and weak independent growth signals sit awkwardly next to its own upbeat numbers.
Aerospike makes ultra-fast database software that stores data in a mix of memory and disk to save money while staying quick. It has locked-in customers like PayPal and Barclays who rely on it for critical work, but Redis, MongoDB, Couchbase, and Amazon/Google/Microsoft are all copying its speed-and-cost trick, which used to be Aerospike's unique advantage. The real test: whether Aerospike can show new funding, profitability, or a buyout deal by the end of 2026, or whether silence means its growth story is fading.
Why
01
AI pressure: None apparent. AI workloads (vector, feature stores) are a demand driver for Aerospike, not a direct predator, so far. Could AI do the core job? Unlikely.
02
Bigger players: Redis (post-Speedb acquisition), MongoDB, Couchbase, and hyperscaler databases like AWS DynamoDB and Azure Cosmos DB. Rivals are closing the cost/performance gap that Aerospike's hybrid-memory design used to own outright. Could a giant copy it? Yes, easily.
03
What protects it. Deep, hard-to-rip-out deployments at banks and ad-tech firms like PayPal, Barclays, DBS, and The Trade Desk.
What would change this call
Aerospike announces new funding round or profitability by end of 2026. Shows whether growth claims are financeable or funding silence continues past 30 months.
Redis or Couchbase publish independent benchmarks matching Aerospike's hybrid-memory cost/performance. Would show Aerospike's core technical differentiation has been neutralized.
Aerospike's web traffic and Crustdata growth score trend in next two quarterly checks. Tests whether 21% QoQ traffic drop was a blip or confirms slowing demand.
Redis or Couchbase publish independent benchmarks matching Aerospike's hybrid-memory cost/performance. Would show Aerospike's core technical differentiation has been neutralized.
Aerospike's web traffic and Crustdata growth score trend in next two quarterly checks. Tests whether 21% QoQ traffic drop was a blip or confirms slowing demand.
Key numbers
- Series E: $109M raised, April 2024
- Claimed recurring revenue growth: 51% YoY
- Crustdata growth score: 11/100, web traffic down 21% QoQ
Named risks
- Core hybrid memory cost performance differentiation being closed by Redis, MongoDB, and Couchbase.
- No new funding round or profitability announcement disclosed since April 2024 Series E.
- Revenue and growth figures are self reported by the company, not independently audited.
- Crowded vector and graph database market with hyperscaler native offerings narrowing differentiation window.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| Redis | gaining on | Acquired Speedb to close hybrid memory cost performance gap, reported around April 2024 |
| MongoDB | gaining on | Added distributed ACID transactions years before Aerospike's Feb 5, 2025 Database 8.0 release |
| Couchbase | gaining on | Overlapping ACID and multi-model capabilities added ahead of Aerospike |
| AWS DynamoDB, Google Cloud Spanner, Azure Cosmos DB | contesting | Compete on managed infrastructure convenience against Aerospike's cost performance pitch |
| Pinecone | contesting | Specialized vector database competitor in same niche as Aerospike Vector Search (introduced April 2024) |
Questions people ask
- Is Aerospike profitable in 2026?
- Aerospike has not disclosed profitability or absolute revenue figures. It last raised funding in April 2024 (a $109M Series E led by Sumeru Equity Partners), and as of mid-2026 no new funding round, acquisition, or profitability announcement has been reported publicly.
- Who owns Aerospike?
- Aerospike is privately held and venture backed, not publicly traded. Its Series E, $109M closed April 4, 2024, was led by Sumeru Equity Partners with participation from earlier investor Alsop Louie Partners. No acquisition of the company itself has been reported as of 2026.
- Could AI replace Aerospike's database?
- No, Aerospike is infrastructure that AI systems run on, not a workflow AI displaces. The company shipped an MCP Server in April 2026 letting Claude Code, Codex, Cursor, and Gemini CLI agents interact directly with its clusters, positioning it as substrate for AI agents rather than a target for replacement.
- Who is Aerospike's biggest competitor?
- Redis is the most direct threat: it acquired Speedb to close the hybrid-memory cost and performance gap that Aerospike's patented Hybrid Memory Architecture relies on for differentiation. MongoDB and Couchbase also compete with overlapping ACID and multi-model features, plus AWS, Google, and Microsoft hyperscaler databases.
- Is Aerospike growing?
- Aerospike says its recurring revenue grew 51% year over year in Q2 2024, driven by AI and ML demand, announced September 3, 2024. It has also made Inc.'s fastest-growing private companies list for four consecutive years through 2026, per its own press releases.
- What products has Aerospike launched recently?
- In 2025 to 2026 Aerospike launched Database 8.0 with distributed ACID transactions (February 5, 2025), Graph Database 3.0 with 10x faster ingest (July 29, 2025), an AI native developer experience with an MCP Server (April 28, 2026), and opened Aerospike Academy free to all developers (June 25, 2026).
Timeline
- 2026-06-25Aerospike Academy training opened free to all developers worldwide
- 2026-04-28Unveiled AI native developer experience: Voyager workspace and MCP Server for AI coding agents
- 2025-07-29Released Aerospike Graph Database 3.0 with 10x faster ingest, 50% better cost efficiency
- 2025-02-05Launched Aerospike Database 8.0 with distributed ACID transactions
- 2024-12-10Vector Search update added LangChain and Amazon Bedrock integrations
- 2024-09-03Announced 51% year over year recurring revenue growth, citing AI demand
- 2024-04-04Closed $109M Series E funding led by Sumeru Equity Partners
- 2023-06Aerospike Graph Database launched
- 2012-08Rebranded from Citrusleaf to Aerospike
- 2009Founded in Mountain View, California as Citrusleaf
Revision history
21 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Aerospike (company) (2026-05-26)
- Aerospike Closes $109M in Growth Capital from Sumeru Equity Partners
- Aerospike raises $109M for its real-time database platform to capitalize on the AI boom (2024-04-04)
- Aerospike Year-over-Year Recurring Revenue Soars by 51% as Demand for AI Rises (2024-09-03)
- Aerospike's Rapid Growth Lands Spot on Inc. Magazine's List
- Inc. Names Aerospike to Its 2026 List of the Fastest-Growing Private Companies in the Pacific (2026-03-31)
- Aerospike's New AI-native Developer Experience (2026-04-28)
- Aerospike Named to Inc. 5000 List
- Aerospike - Headcount, Funding & Open Jobs (2026-06-23)
- Aerospike (2026-03-15)
- Aerospike Company Growth, Stability & Outlook 2026 (2026-04-20)
- Introducing Aerospike Graph 3.0 (2026-07-09)