Cloud Database Market Is Booming: 10 Key Developments

Cloud databases are off to a fast start in 2021, with a slew of significant new products, 9-figure investments, aggressive go-to-market moves and more in the past few weeks.

The level of activity is unlikely to let up. As businesses aggressively move growing portions of their IT environments to the cloud, database vendors of all shapes and sizes are racing to keep up.

Over the past few weeks, Oracle introduced a new version of its flagship database, and Pinecone Systems, a startup, exited stealth mode with a new vector database for machine learning. In January, AWS issued more than a dozen announcements of new database features and capabilities.

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There also has been investment. Cockroach Labs disclosed $160 million in new funding, while Databricks, which develops a data platform for AI, analytics, and data science, on February 1 revealed an additional $1 billion in funding, including new investors AWS and Salesforce.

And Snowflake revealed plans to push into vertical indust…