DataStax, a company that develops products and services for handling ‘big data’ problems using the Apache Cassandra open-source database, has announced the completion of a $25 million Series C funding round today.
The latest batch of funding was led by Meritech Capital Partners, with participation from Lightspeed Venture Partners and Crosslink Capital, the company’s existing investors.
In the company’s press release DataStax says that “explosive demand” has caused its bookings to soar this year – although what that rise equates to in numbers is unclear. Following the Series C funding it will now further enhance what it describes as its “Big Data platform”, improving the value of its products and hunting out new customers from around the globe.
The platform for big data offered by DataStax uses Apace Cassandra, a NoSQL database which is easily scalable for large organisations, as well as a mixture of Cassandra, SoLr, and Hadoop technologies.
Some well-known companies using DataStax every day includes streaming video rental service Netflix, learning powerhouse Pearson Education and marketing specialist Constant Contact. Oh, and there’s also that little company called Disney too.
The release from DataStax reads:
“The increasing usage of Big Data has led enterprises to rethink how they manage data. IT industry analysts agree that traditional relational databases cannot handle the data velocity, volume, geographical distribution, and other common requirements of enterprise 2.0 applications.
NoSQL databases, which can cost-effectively handle Big Data challenges, are becoming a key asset for these types of mission-critical business applications.”
Meritech Capital Partners, meanwhile, is no new face when it comes to investment in technology companies. The firm has already backed the likes of Facebook, Cloudera and Box, which last month launched its new global data transfer network.
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