- Database supercharger Silk announced it raised an oversubscribed Series B round of financing at a total of $55 million. These are the details.
Database supercharger Silk announced it completed an oversubscribed Series B round of financing at a total of $55 million. S Capital led the investment round with participation from existing investors including Sequoia Capital, Pitango, Globespan, Ibex, and Vintage, and new investors including Clal Insurance, Bank HaPoalim, Meitav Dash, and Menora Mivtachim.
The significant funding round is a testimonial to Silk’s exponential growth as demand for cloud environments rise rapidly in the wake of the Covid-19 pandemic. And it will allow Silk to accelerate its sales and marketing efforts and expand engineering development.
The Silk Platform is the only cloud platform in the market that enables enterprises to migrate their mission critical applications to the cloud seamlessly while increasing performance over on-prem environments. And the platform makes cloud environments run 10x faster and the entire application stack more resilient to any infrastructure hiccups or malfunctions.
Silk sits neatly between the cloud infrastructure and the customer’s database. And it is a smart and resilient layer that transforms the database into a cloud powerhouse by allowing it to optimize data without any change to the database or application.
The Series B funding round comes as Silk continues to expand its market reach in the public cloud. And to bring the power of Silk to this audience, the company has partnered with the major cloud vendors. Silk is a Microsoft Azure IP co-sell incentivized partner, an AWS ISV technology partner, and a GCP partner.
KEY QUOTES:
“The cloud vendors are now beginning the fight over customers’ databases and other mission-critical ‘crown jewels’. To win this fight, they need to guarantee that customers will meet their own end users’ SLAs, by enabling prime scalability and performance of their mission-critical applications. Having this capital allows us to bring the vision accelerated cloud adoption to a wider audience.”
— Dani Golan, CEO, Silk
“As companies increasingly move their business-critical workloads to the cloud, it is more important than ever that their cloud infrastructure offer them the performance these workloads demand. The Silk Platform is perfectly poised to enable the cloud vendors to meet this demand and deliver on their promise of fast and easy cloud.”
— Aya Peterburg, Founder-Managing Partner, S Capital
