ScyllaDB – the database for data-intensive apps that require high throughput and predictable low latency – recently announced that it has raised $43 million in funding, led by global VC Eight Roads Ventures and AB Private Credit Investors, the private corporate credit and growth stage capital platform of AllianceBernstein. And additional investors in ScyllaDB include TLV partners, Magma Ventures, and Qualcomm Ventures. These funds will enable ScyllaDB to accelerate its momentum with MongoDB customers dealing with scale.
ScyllaDB, used by over 400 global companies such as Discord, Epic Games, and Palo Alto Networks, has been experiencing a surge in demand from teams replacing MongoDB as they hit barriers to scale. And across various industries, R&D teams increasingly realize that ScyllaDB’s dramatically different database architecture delivers better performance and horizontal scalability for data-intensive workloads. For example, in an independent benchmark, ScyllaDB achieved up to 68 times lower latencies compared to MongoDB, up to 20 times higher throughput, and 19 times better price/performance ratio. Overall, the study also compared a total of 133 performance measurements and ScyllaDB outperformed MongoDB in 132 of 133 measurements. These results build on previous benchmarks vs. Cassandra, DynamoDB, and other databases that ScyllaDB is commonly used to replace.
This funding round comes during a major year for ScyllaDB. Earlier this year, ScyllaDB announced 100% year-over-year growth in its Database-as-a-Service (DBaaS) offering and 800% overall revenue growth that landed ScyllaDB a spot in the Deloitte Technology Fast 500. Plus, ScyllaDB was named Google Cloud Customer of the Year last month. And soon ScyllaDB will be hosting over 15,000 engineers at P99 CONF – the largest conference of its kind.
KEY QUOTES:
“The NoSQL database market size has reached $13 billion, still growing 21% year-over-year, making it one of the largest and fastest growing software segments. ScyllaDB is uniquely positioned to help companies address the challenges of continued data proliferation and the performance needs of modern applications. We have been impressed by the team’s execution since our original investment in 2019 and are excited to deepen our partnership further.”
— Davor Hebel, Managing Partner at Eight Roads Ventures
“ScyllaDB is architected through its shard-per-core design to capitalize on continuing hardware innovations. Other NoSQL databases are effectively insulated from the underlying hardware. With the amount of data doubling every year and new usages driven by AI, customers require fast, scalable and cost-effective solutions – and ScyllaDB displaces leading database vendors on a daily basis.”
— Dor Laor, ScyllaDB Co-Founder and CEO
