AAA Datastax builds funding by another $106m

Datastax builds funding by another $106m

US-based distributed database technology producer Datastax secured $106m on Thursday in a series E round backed by investors including Comcast Ventures, the corporate venturing arm of cable and web provider Comcast.

The round was led by venture capital firm Kleiner Perkins Caufield & Byers, and also included ClearBridge Investments, Cross Creek Advisors, Wasatch Funds and PremjiInvest.

Founded in 2010, Datastax produces distributed NoSQL database technology software based around the open source Apache Cassandra data management system. Datastax plans to now accelerate its growth, particularly in Europe, Asia and Japan where it intends to rapidly grow its sales and marketing teams.

The company has now raised $190 in total, and other past investors include Lightspeed Venture Partners, Meritech Capital Partners, Scale Venture Partners, DFJ Growth and Sequoia Capital.

DataStax CEO Billy Bosworth said: “Demand for DataStax is strong and accelerating as companies are realising that in today’s world you either make data the centre of your business or fall far behind your competitors who do so.

“We have become the very fabric of the digital age and we are blazing the trail, helping to drive the future of enterprises and start-ups alike.”

Leave a comment

Your email address will not be published. Required fields are marked *