US-based database storage software developer Fauna has closed a $25m series A round with investors including technology conglomerate Alphabet’s GV unit, communication app developer Line and consumer credit provider Capital One.
Digital entertainment platforms NHN Entertainment and Naver also provided Fauna with funding, as did venture capital firm Costanoa Ventures, Afore Capital and Point72 Ventures, the venture capital arm of Point72 Asset Management.
Capital One participated through its Capital One Growth Ventures subsidiary.
Founded in 2012 by engineers who once worked for social media company Twitter, Fauna has developed a database storage platform called FaunaDB that enables businesses to utilise cloud-based applications without compromising the security or speed of their systems.
Evan Weaver, co-founder and chief executive of Fauna, said: “We raised a large series A round so that we can scale the company to match the size of the opportunity.
“We are excited to use these new resources to continue building a database – and company – to last.”
Fauna’s lifetime funding has now hit $29.5m, including $4.5m raised in a 2016 seed round led by Charles River Ventures that featured Data Collective, Quest Venture Partners, Webb Investment Network, Ulu Ventures and assorted angel investors.