Bitnine Announces Plans for New Business with Apache AGE's Top-Level Promotion

SEOUL, South Korea--(BUSINESS WIRE)--Apache AGE, a project led by the enterprise graph database vendor Bitnine Global Inc. (KOSDAQ: 357880), has recently been announced as Apache Top-Level Project (TLP) by the Apache Software Foundation (ASF).

Apache AGE (A Graph Extension) is a PostgreSQL extension that provides graph database functionality. The project was first developed in 2019 based on Bitnine Global’s AgensGraph, an open-source graph database fork of PostgreSQL. In April 2020, Bitnine offered the open-source project to Apache Software Foundation, where it entered its Apache Incubator stage.

With the recent announcement, Apache AGE became the first graph database project of the Apache Software Foundation to achieve top-level graduation. The result proves the successful development of the only graph database extension based on a relational database.

Bitnine announced that the future releases of Apache AGE will not only support higher versions of PostgreSQL but will also be compatible with all relational DB, starting with MySQL and Maria DB. To that end, Bitnine plans to continue investing in the R&D for Apache AGE, including securing a wide range of global developers.

Additionally, Bitnine Global is preparing a direct sales strategy via the development of a service model subscription (Product MA support, tech support, etc.) based on the verified Apache AGE product. Expansion of RDB-based graph extension business by collaborating with other RDB vendors and indirect sales through existing Bitnine Global resellers and OEM partners are also being considered.

“We plan to invest in business development and R&D for Apache AGE simultaneously by securing strategic investors (SI) and M&A of other database companies,” said Cheolsun Kang, CEO of Bitnine Global.