OceanBase Plans to Raise 2 to 3 Billion Yuan to Enhance AI Database Strategy

OceanBase is in talks with investors for a Series A funding round, aiming to raise approximately 2 to 3 billion yuan to support the company's independent operations and accelerate the development of its AI database business. Developed in 2010 to meet the internal database needs of Ant Group, OceanBase has previously supported Ant Group in processing up to 500,000 transactions per second during peak promotional periods. OceanBase is strengthening its AI analytical capabilities to enhance its processing of semi-structured and unstructured data, such as video, with the goal of becoming the infrastructure that connects enterprise data with AI models. To facilitate a future spin-off listing, OceanBase has established an independent board of directors in 2024 and implemented an employee stock incentive plan.

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