1. Rising ‘RisingWave’
True to its name, our core product, RisingWave, grew immensely in 2022. We successfully transitioned a fledgling open-source project into one of the leading community-led projects in the data streaming space. Our community has hundreds of active participants, with the GitHub repo accumulating close to 3700 stars. Our growth story is a testament to the community’s desire to have a true open-source offering in the market ready to disrupt the batch-oriented data processing space.
2. Heralding a new beginning for streaming databases - RisingWave Cloud
We launched RisingWave Cloud, our DBaaS product, in a private preview. This is a small step towards our path to democratizing stream processing space. The initial response has been phenomenal. We have users spanning different industries and domains excited about leveraging the leading open-source streaming database engine for production use.
3. Money in the bank - Raising Series A
RisingWave Labs raised \$36 Million in Series A round to build out our CEO and founder Yingjun Wu’s vision for the stream processing space. Typically, a fundraising announcement is not an achievement to toot our horn, but it is indeed noteworthy given the current economic circumstances. Needless to say, the announcement was very well-received, and we covered it in this blog.
4. Joining the party - RisingWave Labs at events
As an early-stage startup, we have been hyper-focused on building a solid product till the middle of 2022. With Series A funding secure, we finally came out of stealth mode and joined streaming and data management communities at various events. We learned a lot from users and shared our expertise in different forums. Check out this blog on Current 2022, the signature event for the data streaming space. In 2023, we plan to attend many more events to learn from experts and educate the data community on the merits of stream processing technology.
5. From Singularity Data to RisingWave Labs
Finally, let’s address the big change in our name: we started our journey as Singularity Data, and the name still holds a special place. But we decided to rebrand ourselves as RisingWave Labs to better align with our core product, RisingWave - a streaming database engine. We covered the rationale in this blog back when we announced the change.
In closing, we couldn’t be more excited about the future of stream processing space. There are so many vendors bringing new energy and innovation. Our CEO and founder, Yingjun Wu, wrote a blog surveying this space. It is a worthy read if you want to learn more about it heading into 2023. We wish everyone a Happy New Year and look forward to engaging with you. Follow us on Twitter and LinkedIn, join our Slack community, and stay tuned with RisingWave!
