RisingWave Labs is the company behind the development of RisingWave. Established in early 2021, the core vision of RisingWave Labs is to augment enterprise data platforms by delivering timely, reliable, and cost-efficient processing of event data in real time. RisingWave Labs has raised over $40 million from some of the world's best investors. RisingWave is an open-source distributed SQL streaming database designed for the cloud.It is designed to reduce the complexity and cost of building real-time applications. RisingWave consumes streaming data, performs incremental computations when new data comes in, and updates results dynamically. As a database system, RisingWave maintains results in its own storage so that users can access data efficiently.