/C O R R E C T I O N -- PhoenixAI/

Rhea-AI Summary

PhoenixAI, formerly CelerData, launched as an Agentic AI Database, an analytical engine for autonomous AI agents to query live enterprise data at sub-second latency and massive concurrency. The company also named Rick Underwood President to lead growth, leveraging his prior leadership roles at Clumio, Commvault (NASDAQ: CVLT), Snowflake, Wavefront, and Semmle.

PhoenixAI emphasizes speed, simplicity, and governance, unifying real-time and historical data with built-in data sovereignty, role-based access control, SOC 2 standards, and encryption. It is available as BYOC in the customer’s cloud or self-hosted via PhoenixAI Anywhere.

AI-generated analysis. Not financial advice.

Positive

• PhoenixAI launches as an agentic AI database for live enterprise data
• Relaunch from CelerData positions brand around AI agent workloads
• Rick Underwood appointed President with prior CEO and IPO experience
• Platform targets sub-second latency and massive agent concurrency
• Built-in governance with SOC 2, RBAC, and encryption features
• Flexible deployment via BYOC and self-hosted PhoenixAI Anywhere

Negative

• None.

News Market Reaction – CVLT

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+0.89% News Effect

On the day this news was published, CVLT gained 0.89%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

In the news release, PhoenixAI Launches as the Agentic AI Database and Names Rick Underwood President, issued May 20, 2026 by PhoenixAI over PR Newswire, we are advised by a representative of the company that updates have been made to the first paragraph. The complete, corrected release follows:

PhoenixAI Launches as the Agentic AI Database and Names Rick Underwood President

Formerly known as CelerData, PhoenixAI relaunches as the analytical engine built for autonomous AI agents to query live enterprise data at sub-second latency, at massive scale.

SAN FRANCISCO, May 20, 2026 /PRNewswire/ -- PhoenixAI today launched as the Agentic AI Database, the analytical engine designed for AI agents to query live enterprise data at sub-second latency and massive concurrency. The company also named Rick Underwood as President to lead its next phase of growth.

The relaunch reflects a fundamental shift in how enterprise data gets consumed. AI agents are increasingly the dominant workload on enterprise data, and they query differently than human analysts: thousands of concurrent agents, sub-second latency requirements, and a need for live data unified with historical context that traditional analytical databases were never designed to serve.

Existing columnar databases built for ad-hoc human analysis weren't designed for managing agent workloads either — they push complexity back to the user at exactly the moment AI agents need the database to absorb it.

"Most of today's analytical databases were architected for a world that no longer exists, where humans ran dashboards on flat tables and complexity was someone else's problem," said Rick Underwood, President of PhoenixAI. "When thousands of agents need to query, reason, and act on petabytes of live data simultaneously — any question, simple or complex — the database is either the bottleneck or the breakthrough. PhoenixAI is built to provide the breakthrough that agentic AI needs, not the bottleneck it can't afford." 

Underwood joins PhoenixAI as President, leading go-to-market, customer success, finance, and operations. He was most recently CEO of Clumio, which he took through an acquisition by Commvault (NASDAQ: CVLT). Prior to that, he held senior GTM leadership positions at Snowflake from 2017 through the company's record 2020 IPO, and earlier served as Head of Sales and CRO at Wavefront (acquired by VMware, 2017) and Semmle (acquired by Microsoft, 2019). He has spent his career building enterprise technology companies from early traction through exit.

PhoenixAI is built around three deciding factors for any enterprise putting AI agents into production: speed, simplicity, and governance. Speed means sub-second latency and high concurrency on live data, so agents act on what's true now, not yesterday's snapshot. Simplicity means a unified engine for real-time and historical data, eliminating brittle pipelines and reducing total cost of ownership.  Governance means built-in data sovereignty, role-based access control, SOC 2 standards, and encryption, deployed in the customer's own cloud (BYOC) or self-hosted with PhoenixAI Anywhere.

PhoenixAI is available today as a BYOC deployment in the customer's own cloud and as a self-hosted option with PhoenixAI Anywhere. Learn more at phoenixdata.ai.

About PhoenixAI
PhoenixAI is the Agentic AI Database, designed to give autonomous AI agents sub-second access to live enterprise data at massive scale. The AI-native engine unifies real-time and historical data, combining the speed and concurrency that agentic workloads demand with the governance and deployment flexibility enterprises require to put AI into production. Formerly known as CelerData, PhoenixAI is headquartered in Menlo Park, California. Learn more at: phoenixdata.ai.

PhoenixAI
Joe Bresler
VP of Marketing
414964@email4pr.com

David Wamsley
Rosebud Communications
415.259.9104
414964@email4pr.com

View original content:https://www.prnewswire.com/news-releases/phoenixai-launches-as-the-agentic-ai-database-and-names-rick-underwood-president-302777163.html

SOURCE PhoenixAI

FAQ

What is PhoenixAI and how does its agentic AI database work?

PhoenixAI is an Agentic AI Database built for autonomous AI agents to query live enterprise data at sub-second latency. According to PhoenixAI, it supports massive concurrency and unifies real-time and historical data to help agents query, reason, and act on current information.

Who is Rick Underwood, the new President of PhoenixAI, and what is his background?

Rick Underwood is the new President of PhoenixAI, leading go-to-market, customer success, finance, and operations. According to PhoenixAI, he previously served as CEO of Clumio, which was acquired by Commvault (NASDAQ: CVLT), and held senior roles at Snowflake, Wavefront, and Semmle.

How was PhoenixAI previously known and why did it relaunch under a new name?

PhoenixAI was formerly known as CelerData and relaunched to focus on AI agent workloads. According to PhoenixAI, the shift reflects a change in how enterprise data is consumed, with autonomous AI agents becoming a dominant workload requiring different performance and governance characteristics.

What key features does PhoenixAI offer for enterprise AI agent workloads?

PhoenixAI focuses on speed, simplicity, and governance for AI agents accessing enterprise data. According to PhoenixAI, it offers sub-second latency, high concurrency, unified real-time and historical data, plus built-in data sovereignty, role-based access control, SOC 2 standards, and encryption for controlled deployments.

How can enterprises deploy PhoenixAI and what is PhoenixAI Anywhere?

Enterprises can deploy PhoenixAI as a bring-your-own-cloud (BYOC) solution in their own cloud or as a self-hosted option. According to PhoenixAI, the self-hosted deployment is offered through PhoenixAI Anywhere, giving customers control over infrastructure and data residency.

Why does PhoenixAI claim traditional analytical databases struggle with AI agent workloads?

PhoenixAI states that many traditional analytical databases were built for human dashboards, not thousands of concurrent AI agents. According to PhoenixAI, these systems often push complexity back to users, becoming a bottleneck when agents must query and act on petabytes of live data simultaneously.