US-based distributed database technology startup Cockroach Labs secured $27m on Wednesday in a series B round featuring GV, a corporate venturing subsidiary of internet and technology conglomerate Alphabet.
Redpoint Ventures led the round, which included fellow venture capital firms Benchmark, FirstMark Capital and Index Ventures, as well as enterprise software-focused VC fund Work-Bench.
Cockroach disclosed the funding at the same time as the launch of its lead product, CockroachDB, which it claims is the world’s first open source, cloud-native SQL database, for use with scalable cloud services.
The company has now raised approximately $53m since it was founded in early 2015, with GV, then known as Google Ventures, initially investing as part of a $6.3m series A round in mid-2015 led by Benchmark and backed by Sequoia Capital and FirstMark Capital.
All four series A participants returned for a $20m series A1 round in March 2016 that included Index Ventures.