--- title: ArangoDB Selected Finalist for Red Herring Top 100 in Europe description: "\"ArangoDB shows great promise and therefore deserves to be among the finalists.\" ArangoDB selected finalist for Red Herring Top 100 awards." --- ArangoDB 3.12 Product Release Announcement! Read the blog for details. 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The nomination underlines the great success of the company and the growing momentum behind the multi-model movement it is heralding. “The whole team is proud to be nominated for such a prestigious award,” says Claudius Weinberger, CEO of ArangoDB. “Looking back a few years, it was hard work to win people for our multi-model approach and unique query language. Today startups and enterprises enjoy the flexibility our database provides and use it to realize their brightest ideas.” ### Red Herring Awards Since 1996, Red Herring keeps tabs on the up and comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work. This unique assessment of potential is complemented by a review of the track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry. “This year was rewarding, beyond all expectations” said Alex Vieux, publisher and CEO of Red Herring. “There are many great companies generating really innovative and disruptive products in Europe. We had a very difficult time narrowing the pool and selecting the finalists. ArangoDB shows great promise and therefore deserves to be among the finalists.” Finalists for the 2017 edition of the [Red Herring 100 Europe](http://www.redherring.com/events/red-herring-europe/2017-rhe-finalists/) award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the months leading up to the announcement, Red Herring reviewed over 1200 companies in the telecommunications, security, cloud, software, hardware, biotech, mobile and other industries that completed their submissions to qualify for the award. 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