ElephantSqlDB Opens $46 Million Pre-IPO Round Following $143. Million Enterprise Pipeline
Nvidia inception partner reports $143 million in active POCs following august platform launch; Targets Nasdaq listing within 12 months
This is a Press Release edited by StorageNewsletter.com on January 28, 2026 at 2:00 pmElephantSqlDB, Inc., a Nvidia Inception partner that announced the general availability of its quantum-augmented database platform on August 5, 2025, opened a pre-IPO investment round to verified accredited investors.
Since the platform launch, the Company has secured $143 million in active proof-of-concept engagements and closed a $3 million institutional funding round, positioning it for a planned Nasdaq listing within 12 months.
Investment highlights
Nvidia inception partner – $46 million post-money valuation – $43 million IP valuation – $143 million in active POCs.
ElephantSqlDB has developed a breakthrough database architecture that delivers asymptotic O(1) query performance – constant-time responses regardless of data volume. The company’s intellectual property has been independently appraised at $43 million, providing investors with tangible asset-backed value.
“Being selected as a Nvidia Inception partner validates our technical approach and opens doors to enterprise customers who are building AI-first infrastructure,” said Cedric Harris, CEO, ElephantSqlDB. “Combined with $143 million in active proof-of-concept engagements, we have the technology validation and market traction to accelerate our path to public markets.”
Nvidia Inception Partnership
ElephantSqlDB has been selected as a Nvidia Inception partner, joining an elite network of cutting-edge startups transforming industries with advances in AI and data science. The Inception program provides ElephantSqlDB with access to Nvidia’s technical resources, expertise, and go-to-market support, accelerating the company’s development of GPU-optimized database capabilities.
Proof-of-Concept Momentum
Since the platform’s general availability announcement, ElephantSqlDB has onboarded enterprise customers into active proof-of-concept engagements totaling $143 million in potential contract value. These POCs include a Fortune 20 healthcare payer serving over 45 million members, an energy sector platform managing approximately 10% of U.S. onshore oil production, and a venture-backed healthcare logistics company – all evaluating ElephantSqlDB for workloads where near constant-time queries completing in single-digit milliseconds directly impact operational efficiency and patient outcomes. The company expects a significant portion of these engagements to convert to production contracts within the next two quarters.
Market Opportunity
The global database market exceeds $100 billion annually, with enterprise demand for real-time analytics growing at over 20% per year. ElephantSqlDB is targeting high-value verticals where traditional databases create performance bottlenecks. The company’s O(1) architecture eliminates the query degradation that plagues legacy systems as data volumes scale, opening use cases that were previously impractical such as AI-intensive applications.
Investment Terms
The offering is available exclusively to verified accredited investors under Rule 506(c) of Regulation D. Key terms include:
|
Security Type |
SAFE with Immediate Conversion and IPO True-Up Right |
|
Price Per Share |
$4.60 |
|
Post-Money Valuation |
$46,000,000 |
|
Active POC Value |
$143,000,000 |
|
Strategic Partnership |
Nvidia Inception Partner |
|
Investor Rights |
Pro-rata rights; IPO True-Up Right (20% discount protection) |
|
Target Liquidity Event |
NASDAQ IPO within 12 months |
How to Invest
Interested investors must complete accredited investor verification through the offering platform or a third-party verification service. Upon verification, investors will receive access to the Company’s data room, including financial statements, technical documentation, and the SAFE agreement. The SAFE converts immediately to Common Stock at $4.60 per share, with a True-Up Right that preserves the 20% discount protection through IPO.






