US-based database software provider Yugabyte has received $30m in series B funding from investors including Dell Technologies Capital and Wipro Ventures, subsidiaries of computing technology provider Dell and IT services firm Wipro.
Venture capital firm 8VC led the round, which was also backed by fellow VC firm Lightspeed Venture Partners and which the company said lifted its overall funding to $55m since it was founded in 2016.
Yugabyte develops open source database software and its core products are the Yugabyte Platform, which automates database management, and Yugabyte Cloud, which has been purpose built for use on cloud platforms like Google Cloud Platform or Amazon Web Services.
Venu Pemmaraju, managing partner at Wipro Ventures, said: “We are excited to welcome Yugabyte into the Wipro Ventures portfolio and bring their modern database technology to Wipro’s Global 1,000 enterprise clients.
“We see a big opportunity to leverage Yugabyte’s technology for building and powering our clients’ newest web-scale applications.”
Dell Technologies Capital and Lightspeed Venture Partners co-led the company’s last round, an $18m round also identified as a series B that was closed in mid-2018. It had previously raised $8m in a 2017 series A round led by Lightspeed and backed by angel investors including Jeff Rothschild.
