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    Transwarp: Unlock the Power of Big Data and AI

    CEO,Yuanhao Sun, TranswarpYuanhao Sun, CEO
    Today the big data vision is getting bigger and more ambitious in China, paving the way for AI development. While organizations across diverse industries are adopting AI and big data, they find themselves in a predicament while aligning big data initiatives with the strategy of their organizations, and validating their efforts with Key Performance Indicators (KPIs). According to Yuanhao Sun, CEO, Transwarp, typically in a large company, the different departments or units construct their own infrastructure for big data or AI, which leads to a phenomenon much like in different chimneys. “Similar to apartments, these departments construct their own big data and AI platforms and applications that are like independent chimneys (not interlinked). These varied chimneys lead to a big waste of resources,” he adds.

    This is precisely what Transwarp intends to change. One of China’s leading enterprise software companies, Transwarp specializes in delivering big data, artificial intelligence, and data cloud software platform. Unlike most big data vendors, Transwarp believes in building a uniform big data platform and infrastructure that can help the organizations optimize and distribute the resources in the platform to different units. Transwarp has a broad and deep product line that can substitute for most of the infrastructure stack sold by incumbent enterprise software vendors. The company’s big data platform includes analytics database, streaming analytics engine, operational database, search engine and management, and security products. Transwarp has also developed a hybrid cloud analytics platform that uses docker and Kubernetes to provide multi-tenancy and elasticity.

    With more than customers across 20 verticals, including financial services, energy, manufacturing, transportation, and public sector, Transwarp is already creating waves across industries with its impressive product line. In an instance, Transwarp was approached by one of China’s most renowned and largest low-cost aviation companies, Spring Airlines, which flies over 80 aircraft in both domestic and overseas locations, and produces around eight billion pieces of data every day. As a low-cost carrier, its focus was to curb overall costs. However, with a lack of an integrated data management and analytics platform, it was difficult for the company to understand the patterns of expenditure, and clearly, it needed a solution to manage a large amount of data generated every day.

    The leading Shanghai-based big data and AI platform and software provider, Transwarp, came to the company’s rescue. As an expert in the field, Transwarp built a big data platform and a data lake, with its patented Transwarp Data Hub (TDH). The aim was to help Spring Airlines save expenditure on fuel. However, this was difficult to achieve without the new planning of the routing.
    In order to plan that efficiently, Transwarp analyzed the client’s previous data related to fuel consumption, designed AI models, and eventually developed a route that would cut down Spring Airlines’ expenditure—all with the virtue of its big data platform. The result? The new routing helped Spring Airlines save a whopping 24 million RMB per annum.

    We communicate with our customers or potential customers to know their business logic and business needs. We think of them as a whole, not some isolated departments or units

    Success stories as such, are indicative of Transwarp’s commitment to streamlining the business processes for different companies across industries. By leveraging its three signature products: Transwarp Data Hub (TDH), Transwarp Data Cloud (TDC), and Transwarp Sophon AI platform, the company has enabled efficient data management, integration of scattered data sets, AI modeling, and overall performance enhancement in both private and government firms. TDC is the first-of-its-kind product that integrates big data and AI on a single, container-based, cloud platform.

    Being an independent product developer, without depending on a Hadoop Ecosystem or MPP, Transwarp has already formed an enormous customer base in the government sector, which comprises 28.5 percent of its total customer distribution, followed by 26.4 percent customer base in the finance sector. For several customers in finance, Transwarp has designed an integrated smart finance solution that comprises internet finance, investment bank, operation management, research, asset management, and more.

    Despite being limited within the Chinese market, Transwarp has made such significant strides majorly by leveraging its customer-centric approach to solving client challenges and delivering the appropriate solutions. Sun mentions that customer-centricity is a part of the company’s corporate culture. “We communicate with our customers or potential customers to know their business logic and business needs. We think of them as a whole, not some isolated departments or units,” he adds. By leveraging this approach, Transwarp could eradicate the presence of invisible chimneys within organizations, link each department’s action with the other, and evidently, eliminate the massive waste of resources. Transwarp’s support for all standard APIs further simplifies its solution deployment process. Besides, its Sophon AI platform has turned out to be path-breaking by replacing the traditional databases and providing better data analysis in different organizations.

    On a mission to enhance the quality of life through innovative technology and services, the company has gained over 1,600 customers across industries within six years of its establishment. Besides, the company also provides professional training in big data, and to further train young minds, it has established Transwarp University, which is spread across 21 provinces in China. In May this year, Transwarp was accredited as SG:D ACCREDITED Program. Recently, Transwarp has branched out to Singapore, Canada, and the US, and, moving forward, it is planning to further strengthen its global exploration strategy.
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    Transwarp Info

    Company
    Transwarp

    Headquarters
    Shanghai

    Management
    Yuanhao Sun, CEO

    Description
    A new-age big data and AI software provider that is currently leading the big data market in China with customers from across industries

    2019

    Transwarp News

    Tencent-Backed Database Firm Transwarp Gets $71M Fund From CICC-Linked Fund.

    Chinese database software company Transwarp announces that it has raised RMB500 million (US$71 million) in a series D2 funding round.

    Investors include investment fund CICC Capital under investment bank CICC (China International Capital Corporation), Goldstone Investment Limited under CITIC Securities Co., Ltd., asset management company Bohai Zhongsheng and an undisclosed state-owned inve... estment fund.

    The round comes around six months after the company completed hundreds of millions of RMB in a series D1 round.

    Founded in 2013, Transwarp is a big data-based software company that provides precise data analysis service utilizing AI, iCloud and big data.

    It aims to build a data-driven ecosystem and become a worldwide software company like American computer technology company Oracle and German software corporation SAP SE.

    Based in Shanghai, Transwarp has offices in Beijing, Guangzhou, Singapore, America and Canada, etc. It claims that it has more than 1,600 users from different fields, covering finance, government, energy, transportation, education, manufacturing, mass media, etc.

    "As the 5G era comes, there will be a great demand for big data processing and application. Big data-based company will have a bright future," said Wang Lixin, managing director at BOC International Holdings Limited.

    The market size of the big data industry is around RMB280 billion (US$28.3 billion) in China in 2018, and it is expected to reach more than RMB1 trillion (US$142 billion) in 2020, according to Qianzhan Industry Research Institution. However, due to the limitation of technology and the environment at home and abroad, big data industry is in a critical transition period from high-speed to good quality, Qianzhan said.

    The company has so far completed seven rounds of funding. It secured RMB235 million in a series C round from venture capital Tencent Investment under tech giant Tencent and investment firm Co-Stone Asset Management Co., Ltd in 2017. It closed RMB155 million in a series B funding round from Qiming Venture Partners and state-owned Shenzhen Capital Group Co., Ltd. (SCGC) in 2016.
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