US-based database management company Delphix raised $75m yesterday in a series D round featuring conglomerate Kraft Group and Credit Suisse Next Investors, the strategic investment arm of financial services firm Credit Suisse.
Financial conglomerate Fidelity Management and Research led the oversubscribed round, which included venture capital firms Greylock Partners, Lightspeed Venture Partners and Icon Ventures.
Founded in 2008, Delphix has developed a software platform that helps make database management more efficient by only copying the changes made to files, rather than constantly backing up the files in their entirety.
Delphix will use the capital injection to support its sales and marketing efforts, and to scale its operations worldwide. It also plans on investing in cloud, analytics and security technologies.
The company has now raised approximately $120m in funding since it was founded, with its earlier funding coming from Lightspeed, Greylock, Icon, Jafco Ventures, Summit Partners and Battery Ventures. It also signed a strategic partnership agreement with In-Q-Tel, the US intelligence community’s VC fund, in 2012.