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Ricky Sun, Founder and CEORecognizing that the narrow scope of graph database management solutions restricted companies from going full swing with practical and high-compute applications, Sun and his team at Ultipa built an agile, faster, safer, and greener high performance graph database and compute solution which can be purposed to build graph database-powered high-performance computing solutions for computational intensive application scenarios in various industries.
Combining the prowess of a high performance graph computing engine and a self-explanatory knowledge graph, Ultipa provides an intuitive graph database management and compute solution, Ultipa Graph that empowers enterprises with graph-augmented intelligence that solves their (usually enormous) data processing and analysis needs. Ultipa is currently materializing their value proposition in the financial and healthcare industries.
“Every financial institution needs to do data governance, data cleansing, data lineage and examinations which are the foundational work of building any business applications or solutions. It is more painful, if not impossible, when done with traditional databases. Our innovative graph-based solutions will let customers cultivate a healthy ground in an accelerated-fashion to grow their business,” says Sun. Ultipa has an elaborate onboarding process that considers everything, from the initial client interaction to test driving its graph database.
Since graph database systems are relatively new in the market, Ultipa helps customers kick start graph database and associated compute initiatives, and to gain a thorough understanding of the Ultipa system. The company’s technology can migrate data from both relational, NoSQL, and other graph database systems via purpose-built connectors.
Ultipa demonstrates the prowess of its graph database system through proof of-concept sessions, and by allowing clients to test-drive the solution, which ultimately convinces them to buy it.
The high-value scenarios that Ultipa provides can be best presented by a success story with China Merchants Bank (CMB), one of the largest commercial banks in the world. Prior to leveraging Ultipa Graph, CMB could only perform T+1 settlements (a framework where trade-related data is cleared within a day) which provided them with day-old data, hindering them from seeing results or quantified risks in real time. CMB required a solution to calculate in real-time risk indicators like liquidity coverage ratio. But carrying out this feat calls for the swift analysis of great amounts of transactional data. Ultipa provided CMB with a graph-powered, next-generation real time liquidity risk management system that runs on only four x86 complex instruction set computer (CISC) servers and processes data in real-time. The bank could carry out the data processing and analysis around savings, deposits, risk-weighted assets, net interests, incomes, bank funds, fund transfer pricing, and other indicators, with exponentially minimal compute power and time compared to traditional high-performance computing solutions.
Nurturing successful client relationships, Ultipa continuously strives to upscale its offerings for customers. Ultipa Graph has already found its place in one of the world’s largest banks by offering graph-power HPC solutions or toolkit like liquidity risk management, asset liability management, and risk data governance system. Ultipa has numerous, high-value, scenario-based products under development while awaiting patents for its novel technologies.
Combining the prowess of a high-performance graph computing engine and a self-explanatory knowledge graph, Ultipa provides an intuitive graph database management and compute solution, Ultipa Graph
Ultipa, Inc. Unveils Strategic Growth with New Sales Director Amidst Anticipation of Round B Financing
Friday, November 24, 2023
Ultipa, Inc. the category-defining Graph XAI player, unveils strategic growth plan and appointment of Sales Director amidst anticipation of Round B financing.
PLEASANTON, CA - Ultipa, Inc., announces the appointment of Scott Whalen as the Sales Director for the Americas.
Scott brings a distinguished track record of success in enterprise software sales. Scott served as a Senior Enterprise Account Executive at TigerGraph, where he played a pivotal role in leveraging his skills to successfully navigate and excel in the dynamic landscape of graph databases. Before that, Scott contributed significantly as part of the Sales Enterprise Field Sales team at Incorta, where he demonstrated a knack for strategic and impactful sales approaches in the realm of analytics and data management solutions. His role involved collaborating with clients to deliver real-time+deep-data+network-analytics solutions that aligned with their business objectives and fostered long-term partnerships.
This strategic move underscores Ultipa's commitment to advancing innovation in these cutting-edge fields and expanding its influence globally.
Ricky Sun, CEO of Ultipa, expressed his excitement about this development, stating, "Scott's addition to our team is a testament to Ultipa's dedication to being at the forefront of graph databases and xAI. This marks a pivotal moment for us as we aim for the next phase of growth and success." Ricky emphasized the significance of the upcoming round B financing, highlighting its role in propelling Ultipa towards the full execution of its planned vision and strategy. "As Ultipa gears up for the anticipated Round B financing, this strategic expansion reinforces our commitment to providing innovative real-time+deep-analytical graph solutions that empower businesses and drive technological advancements."
Ultipa is a growing company and it is actively seeking talented engineers and sales professionals to join its distributed team around the world. Explore exciting opportunities to be part of our dynamic and collaborative work environment by visiting and following the Ultipa page on LinkedIn: https://www.linkedin.com/company/ultipa
US’ Ultipa expands African footprint
Thursday, April 04, 2024
CAPE TOWN,– THE United States-based provider of graph database solutions, Ultipa, is expanding to the continent after sealing a partnership with South Africa’s Decisioneering.
Officials said this also marked a significant milestone in Ultipa’s global expansion.
Decisioneering, the Cape Town-based specialists in data services, will serve as a reseller of Ultipa Graph throughout the African continent, offering professional services and support.
This partnership is aimed at enabling organizations across Africa to harness the power of graph databases for their data management and analytics needs.
“We are thrilled to join forces with Decisioneering to bring our graph database solutions to the African market,” said Yuri Simione, Vice President of Global Partnership of Ultipa.
“This collaboration reflects our commitment to making data management more accessible and powerful, and Decisioneering shares our vision for delivering excellence in the field of data services.”
The two companies believe the partnership between Ultipa and Decisioneering reinforced their dedication to delivering advanced data solutions to businesses across Africa and exemplified their shared commitment to innovation and customer success.
Dirko Hay, Chief Executive Officer of Decisioneering, said the combination of Ultipa’s leading-edge graph database technology and Decisioneering’s expertise in data services would provide clients with a winning solution.
“We are excited to expand our portfolio and serve as the bridge between Ultipa and organizations seeking to leverage the full potential of graph databases in Africa,” Hay added.
Innovation Insights
How Does Real-Time Graph Technology Empower Smart Enterprise into New Digital Realm?
Monica Liu, Co-Founder and COO, Ultipa
Company
Ultipa
Management
Ricky Sun, Founder and CEO
Description
Ultipa offers an agile, faster, safer, and greener high-performance graph database and compute solution which can be purposed to build graph database-powered high-performance computing solutions for computational-intensive application scenarios in various industries
