High-Performance Database Company DataStax Raises $45 Million
DataStax is a high-performance database platform company that has raised $45 million in Series D funding. This round of funding was led by Scale Venture Partners. Draper Fisher Jurvetson, Next World Capital and previous investors also participated in this round. DataStax will be using the funding to expand globally and continue to invest in their NoSQL open source project called Apache Cassandra. DataStax plans to go public depending on the direction of the markets. DataStax is releasing version 3.1 of their enterprise-grade and community-edition software.
Founded in 2010, DataStax has become the lead driver of Apache Cassandra, which is known for its scalability and high performance. Through this round of funding, DataStax will continue investing in Cassandra with efforts like more meet ups in Latin America and Asia.
“Our Cassandra-based platform is far and away the best solution for powering online applications that must remain available at all times and scale to tremendous levels,” stated DataStax chief executive officer Billy Bosworth. “Today’s funding exceeds all the capital we’ve received to date, and we will use this investment to accelerate our international expansion, channel growth, sales and marketing and product development while increasing our support for the open-source Cassandra community.”
Based in San Mateo, California, DataStax is known for powering the apps that transforms businesses for over 200 customers, including startups and 20 out of the Fortune 100 companies.