Fri, 11/01/2013 - 14:15
ScaleArc, a provider of database infrastructure software that simplifies the way database environments are deployed and managed, has secured USD12.3m in new funding from venture capital firms.
The round was led by Accel Ventures with participation from existing investors including Trinity Ventures and Nexus Ventures, from whom ScaleArc had previously raised USD5.33m in 2011.
The new funding will be used primarily to invest in sales and marketing to fuel ScaleArc's global expansion in the multi-billion dollar Big Data market, as well as to maintain aggressive development of its product roadmap.
ScaleArc iDB is software that inserts transparently between applications and databases, requiring no modifications to applications or databases to deploy.
Customers who deploy ScaleArc iDB are able to reduce troubleshooting times from days or hours to minutes, achieve significantly higher uptime, provide instant vertical and horizontal scalability of their existing database infrastructure, provide much better query performance (up to 60x faster) and strengthen the overall security of their database environment.
"Accel Partners is excited to be a part of the ScaleArc team," says Sameer Gandhi, general partner at Accel Partners. "We continue to be impressed with the company's innovative approach to solving a key Big Data problem, as well as its significant customer traction with well-documented ROIs. We look forward to working with them as they continue their global expansion."
"We at ScaleArc are in a unique place in the Big Data ecosystem, as we're the only company that can offer a true next generation database infrastructure platform for applications that use a wide variety of databases such as MySQL, Oracle or Microsoft SQL Server, and can transparently bridge the performance and scalability gap between SQL and NoSQL databases," says Varun Singh, founder and chief executive of ScaleArc. "We're excited to have Accel as an investor, as they truly understand the Big Data space and add strong value to our business."
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Fri, 28 Aug 2015 00:00:00 GMTInvestment Banking Restructuring Analyst/Associate
Fri, 28 Aug 2015 00:00:00 GMTInvestment Banking Associate (Specialty Finance)
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