Yugabyte Raises $30 Million In Series B Funding To Meet Growing Demand For Its Cloud Native, Geo-Distributed SQL Database
Yugabyte Raises $30 Million In Series B Funding To Meet Growing Demand For Its Cloud Native, Geo-Distributed SQL Database
06/09/20, 1:04 PM
Location
sunnyvaleMoney raised
$30 million
Round Type
series b
Yugabyte, the leader in open source distributed SQL databases, today announced that it has raised $30 million in an oversubscribed Series B round. The round, led by 8VC, also includes participation from strategic investor Wipro Ventures and existing investors Lightspeed Venture Partners and Dell Technologies Capital. The round brings the company’s total funding to $55 million. Yugabyte also adds Scott Yara, co-founder and former SVP of Products of Pivotal Software, to its board of directors.
Company Info
Location
sunnyvale, california, united states
Additional Info
Yugabyte is the company behind YugabyteDB, the open source, high-performance distributed SQL database for building global, cloud-native applications. YugabyteDB serves business-critical applications with SQL query flexibility, high performance and cloud-native agility, thus allowing enterprises to focus on business growth instead of complex data infrastructure management. It is trusted by companies in cybersecurity, financial markets, IoT, retail, e-commerce, and other verticals. Founded in 2016 by former Facebook and Oracle engineers, Yugabyte is backed by Lightspeed Venture Partners, 8VC, Dell Technologies Capital, Sapphire Ventures, and others. www.yugabyte.com