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PuppyGraph Raises $5 Million in Seed Funding Led by Defy.vc to Bring Zero-ETL GraphRAG and Real-Time Graph Analytics To Market

PuppyGraph Raises $5 Million in Seed Funding Led by Defy.vc to Bring Zero-ETL GraphRAG and Real-Time Graph Analytics To Market

November 13, 2024 Craig Etkin

Unleashing a new breed of real-time graph analytics, PuppyGraph cuts through the complexity of traditional graph systems with its innovative approach

November 07, 2024 07:00 PM Eastern Standard Time

SAN FRANCISCO–(BUSINESS WIRE)–PuppyGraph, the first and only graph query engine, announced today its $5 million seed funding round led by defy.vc. The zero-ETL unlocks real-time graph analytics for enterprises. This power translates into significant industry benefits, from generating GraphRAG to enhance LLM accuracy and reduce hallucinations, to real-time fraud detection and robust cybersecurity analyses. It also revolutionizes logistics for retail and supply chains and transforms healthcare outcomes by efficiently revealing deep insights from extensive biological and patient data relationships.

“PuppyGraph is a very interesting graph query engine. It doesn’t require us to load or ETL any data into a specialized or proprietary database storage layer for graphs. This capability is so powerful, and our users really enjoy this level of flexibility.”Post this

Traditional SQL operations struggle with complex, interconnected data, often becoming cumbersome and verbose. Graph query languages excel at modeling intricate traversal queries across dense data networks but are typically tied to systems that couple the query and storage layers, complicating scalability, adoption, and maintenance.

Being the first graph query engine, PuppyGraph brings a new paradigm shift where now users can query a single copy of data in both SQL and graph at the same time. For individuals familiar with SQL and venturing into graph analytics for the first time, PuppyGraph simplifies the process of data preparation, aggregation, and management by utilizing the data lake and tools they are already comfortable with. This design allows users to bypass the complexities of graph query languages for regular tasks, reserving these languages solely for specific graph-related inquiries like graph traversals. By streamlining these processes, PuppyGraph not only significantly reduces the learning curve but also boosts operational efficiency. This allows enterprises to continue using their SQL data stores while benefiting from graph-specific capabilities like complex pattern matching and efficient pathfinding.

PuppyGraph integrates effortlessly with widely-used data lakes and warehouses, including Apache Iceberg, Delta Lake, Apache Hudi, DuckDB, Databricks, Snowflake, AWS Redshift, BigQuery, CelerData, Hive, SingleStore, MySQL, and PostgreSQL, among others.

While the native graph storage systems can take months to set up due to building complex data replication process, PuppyGraph goes from deployment to query in just 10 minutes, handles petabyte-scale data with ultra-low latency, executing 10-hop neighbor queries across half a billion edges in just 2.26 seconds.

Since its launch in March 2024, PuppyGraph has quickly gained traction and is now in production within industry leaders such as Coinbase, Clarivate, Dawn Capital and numerous enterprises. Prevalent AI, an ISTARI Collective member and a Cyber Security leader, is integrating its Security Data Fabric offering used by large enterprises with PuppyGraph. Significant product advancements have also been made, including adding support for major data sources like Unity Catalog, SingleStore, Vertica, and IBM watsonx.data.

PuppyGraph’s growth is evidenced by a 70% month-over-month increase in downloads of its forever-free developer edition. In addition, PuppyGraph has formed strategic partnerships with Google Cloud (BigQuery & AlloyDB) and has become Databricks’ first graph analytics partner for Unity Catalog further positioning PuppyGraph as the industry leading graph analytics innovator.

PuppyGraph was co-founded by Weimo Liu, a Computer Science Ph.D graduate from George Washington University, leveraging his experience from Google’s F1 team and TigerGraph, alongside Danfeng Xu, a nine-year veteran of LinkedIn’s infrastructure team, and Lei Huang, a three-time Google Code Jam world finalist. Zhenni Wu, an experienced go-to-market veteran from the graph database sector, also joined the founding team. To bolster their expertise, Gary Hagmueller, former CEO of Dgraph and Arcion (recently acquired by Databricks as its third largest acquisition to date), has come on board as an active advisor.

As lakehouse architecture matures, enabling enterprises to aggregate all their data in one place, the potential to extract meaningful insights from this unified data is just beginning. Graph technology stands as the cornerstone of AI-driven architectures, offering unparalleled prowess in discerning intricate relationships within data. Traditional RAG systems struggle with fragmented data, often missing critical relationships and yielding disconnected results. PuppyGraph’s innovative GraphRAG framework addresses these challenges by integrating a ‘Knowledge Graph’ that understands and utilizes the structure and connections within data, significantly enhancing the contextual understanding and navigational capabilities of LLMs. PuppyGraph’s Agentic GraphRAG, a pioneering development in the industry, simplifies the creation of large-scale knowledge graphs with zero ETL, enabling rapid deployment to query in under 10 minutes and supports both Gremlin and Cypher query languages to tailor precision and optimize performance. With the ability to handle petabyte-scale data with ultra-low latency, PuppyGraph can pinpoint even the most hidden insights in vast datasets.

Eric Sun, Sr. Manager of Data Platform at Coinbase, highlighted the impact of PuppyGraph at the Data+AI Summit 2024: “PuppyGraph is a very interesting graph query engine. It doesn’t require us to load or ETL any data into a specialized or proprietary database storage layer for graphs. We can simply query everything directly on our data lake—whether it’s Delta, Iceberg, or just plain Parquet files. PuppyGraph can integrate this data into a graph model and another distributed computation engine to render all the results. We use it in conjunction with Unity Catalog to unlock all our transactional and crypto data already on our Delta Lake. PuppyGraph then queries this data directly to perform all sorts of graph-based exploration and aggregation. This capability is so powerful, and our users really enjoy this level of flexibility.”

“We are thrilled to partner with defy.vc on this journey to revolutionize graph analytics,” said Weimo Liu, CEO of PuppyGraph. “This funding will accelerate our product development, expand our team, and increase our market presence, bringing our powerful graph query engine to more organizations worldwide.”

Brian Rothenberg, Partner at defy.vc, commented, “PuppyGraph is changing the way companies approach graph analytics. We are excited to support this innovative team that is not only advancing graph technology but also making it universally accessible and easy to use. PuppyGraph’s approach will significantly accelerate the adoption of graph analytics across industries.”

For more about how PuppyGraph is shaping the future of data analytics and to explore its unique capabilities, visit www.puppygraph.com.

About PuppyGraph

PuppyGraph is the first and only graph query engine in the market, empowering companies to transform existing relational data stores into a unified graph model in under 10 minutes, bypassing traditional graph databases’ cost, latency, and maintenance hurdles. Capable of scaling with petabytes of data and executing complex 10-hop queries in seconds, PuppyGraph supports use cases from enhancing LLMs with knowledge graphs to fraud detection, cybersecurity and more. Trusted by industry leaders, including Coinbase, Clarivate, Alchemy Pay, and Protocol Labs. Learn more at www.puppygraph.com, and follow the company on LinkedIn, YouTube and X.

About defy.vc

Founded in 2016, defy.vc is a Silicon Valley based early stage venture capital firm. Defy was founded to invest in entrepreneurs and companies looking to solve complex problems. Defy’s focus is to help early stage companies mature and scale into companies ready for growth capital. The firm’s team has more than 50 years of venture experience, successful entrepreneurial and operating backgrounds, and actively helps founders grow companies from inception through exit. Connect with defy.vc at https://defy.vc/ and @defyvc.

Contacts

Media Contact
Zhenni Wupress@puppygraph.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, San Francisco, Venture Capital

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