DataStax, a company specializing in database management systems, has just raised $ 106 million mainly from Kleiner, Perkins and Caufield & Byers (KPCB) as well as ClearBridge Investments, Cross Creek Advisors, Wasatch Funds, PremjiInvest and Comcast Ventures. This funding round comes after the company raised $ 84 million just over a month ago.
It wishes to take advantage of these new funds to accelerate its growth and pursue its innovation policy. It also intends to strengthen its position in Europe and Asia and increase its workforce of engineers, sales and marketing in these two regions of the world.
Soon an IPO
“The tidal wave of data has swept away all aspects of consumer interactions, disrupting the way we do daily business, including when it comes to television and its future,” Comcast Ventures said. “DataStax’s scalability, manageability and cost-effectiveness are not only timely, but critical at a time when companies are rapidly building new applications and customer experiences as a competitive advantage,” KPCB Partner adds.
The company markets Apache Cassandra, a database management solution for businesses. It thus competes with Oracle. It claims to have more than 400 consumers, present in some fifty countries. Among these, there are major accounts including Netflix, Adobe and eBay. DataStax has 350 employees and is expected to go public in 2015 or 2016.