US-based database technology developer YugaByte raised $16m in a series B round yesterday co-led by Dell Technologies Capital, the investment division of computer company Dell, and Lightspeed Venture Partners.
Founded in 2016, YugaByte has developed database technology called YugaByte DB that is specifically aimed at large-scale cloud applications.
The investment will enable YugaByte to accelerate its engineering, sales and customer support activities.
The company emerged from stealth in November 2017 with $8m in series A funding led by Lightspeed Venture Partners, with participation from angel investors such as Jeff Rothschild, former vice-president of infrastructure at social media company Facebook.