- Real-time big data database company ScyllaDB announced it raised $25 million in funding to meet the demand for a highly scalable NoSQL database
ScyllaDB — the real-time big data database company — announced that it received $25 million in funding to meet the increasing demand for a highly scalable and highly performant NoSQL database. And ScyllaDB will be using the new funds to offer a better and faster open source alternative to Amazon DynamoDB.
This round of funding was led by Eight Roads Ventures and it brings the total amount raised by EightScyllaDB to date to $60 million. Existing investors Bessemer Venture Partners, Magma Venture Partners, Qualcomm Ventures, and TLV Partners also joined the round.
“Now that our product has matured, we’ve expanded our APIs with new capabilities and added deployment options for our as-a-service offering to run on multi-cloud infrastructure,” ScyllaDB CEO Dor Laor. “Remaining true to our open source roots, we’re now providing an OSS, upstream-first alternative to the popular DynamoDB database. That means DynamoDB users will be able to run their applications everywhere, extend the database, gain in-depth observability with Grafana, enjoy better, lower latency — and all this at a fraction of the price.”
Along with developing the DynamoDB-compatible API, ScyllaDB plans to use the additional funding to expand its engineering department and double its global sales and marketing team.
“Scylla is poised to transform the global database market, replacing existing vendors who cannot meet the scale, price or performance needs that most organizations have. Scylla has a world-class technical team, a deep tech product and has already shown impressive performance. We are excited to begin this partnership and work together to build a leading global database platform,” added Eight Roads Ventures’ head of the European team Davor Hebel — who led this investment and will join ScyllaDB’s board of directors.
Ever since launching in 2015, Scylla has replaced Cassandra at hundreds of leading organizations, including Comcast, GE, Grab, IBM, Opera Software, Samsung and Starbucks. And expanding on that effort, ScyllaDB also recently launched an API that enables DynamoDB users to effortlessly migrate to ScyllaDB’s free open source database.
Adam Fisher, a partner at Bessemer Venture Partners, also praised the ScyllaDB’s emphasis on product cost efficiency.
“For enterprises, total cost of ownership is key,” explained Fisher. “The genius of ScyllaDB is that it offers best-in-class performance along with the lowest total cost. Whereas normally you have to choose one or the other, with Scylla you get both. That gives it a powerful competitive advantage that has helped it win adoption with enterprise customers like Comcast and Grab.”
The funding news also comes ahead of ScyllaDB’s annual user conference Scylla Summit 2019 November 5-6 at the Parc 55 hotel in San Francisco. And it will feature speakers from Fortune 500 companies like Capital One and Comcast along with Internet companies like Fanatics and Grab.