PhoenixAI

Summary active Updated Jun 12, 2026

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Location Menlo Park, CA
Latest Stage Series B
Total Raised $80M (Series B)
Website https://www.phoenixdata.ai/
Sector
ai developer-tools data-infrastructure enterprise-software

Founders

Rick Underwood President

About

PhoenixAI (formerly CelerData) is a Menlo Park, California-based developer of an AI-native analytical database designed for agentic AI workloads 123. The platform gives autonomous AI agents sub-second access to live enterprise data at massive scale, emphasizing real-time ingestion and high concurrency so thousands of agents can query, reason and act on petabytes of live data simultaneously 23. The company rebranded from CelerData in 2026 under the leadership of President Rick Underwood, a former Snowflake executive 23. On June 11, 2026, PhoenixAI announced an $80M Series B led by Sky9 Capital, with participation from Atypical Ventures, Olive Technology Ventures, and previous investors. The capital will accelerate development of the AI-native database, expand go-to-market initiatives, and deepen governance for regulated industries 123.

Funding History

Date Round Amount Lead Co-investors
2026-06-11 Series B $80M Sky9 Capital Atypical Ventures, Olive Technology Ventures 123

What Investors Say

No independently sourced investor quotes found at this time.

What Founders Say

No independently sourced founder quotes found at this time.

Sources

  1. FinSMEs, “PhoenixAI Raises $80M Series B Funding,” June 11, 2026. Accessed June 2026. https://www.finsmes.com/2026/06/phoenixai-raises-80m-series-b-funding.html↩↩↩

  2. SiliconANGLE, “PhoenixAI raises $80M to drive the development of agentic AI-ready database technology,” June 11, 2026. Accessed June 2026. https://siliconangle.com/2026/06/11/phoenixai-raises-80m-drive-development-agentic-ai-ready-database-technology/↩↩↩↩↩

  3. AIThority, “PhoenixAI Raises $80M Series B Led by Sky9 Capital to Power the Agentic AI Database,” June 11, 2026. Accessed June 2026. https://aithority.com/machine-learning/phoenixai-raises-80m-series-b-led-by-sky9-capital-to-power-the-agentic-ai-database/↩↩↩↩↩