DataStax Readies For IPO, Raises $45M For Modern Database Platform Suited To New Data Intensive World
DataStax will use the funding to build out globally and invest in Apache Cassandra, the NoSQL open-source project and foundation for the company’s database distributions.
DataStax CEO Billy Bosworth said he wasn’t looking to raise money but the $45 million in new funding he just got will be invaluable.
San Mateo-based DataStax, founded in 2010, sells software and services built on top of Apache Cassandra, an open source distributed database management system originally developed by Facebook that advocates say can be flexible and resilient on a global scale to an unprecedented degree.
Funding foretells coming storm for trad database vendors.
DataStax will be using the funding to expand globally and continue to invest in their NoSQL open source project called Apache Cassandra.
DataStax, which provides a big data platform built on Apache Cassandra, has raised $45 million in Series D funding.
Enterprise big data platform company DataStax has raised a $45 million Series D round led by Scale Venture Partners, with participation from DFJ Growth, New World Capital, and existing investors Lightspeed Venture Partners, Crosslink Capital, and Meritech Capital Partners.
The latest round of venture capital takes the startup’s total to $83m since its creation in 2010, and will be used to “fuel international expansion, channel growth and product development.”
To celebrate the fifth birthday of the NoSQL Cassandra open source database, DataStax released an update to the enterprise version of Cassandra that makes it easier for applications built on SQL databases to transition to the NoSQL platform.