VoltDB, a developer of high-scale database systems, has closed USD5m in financing from Kepha Partners and Sigma Partners.
VoltDB will use the additional capital to grow adoption and build community awareness of its open-source database software.
VoltDB’s database design allows companies to scale database performance. The system can process millions of transactions per second on a cluster of inexpensive, off-the-shelf servers.
"VoltDB is a major step forward in database technology," says John Mandile (pictured), managing director of Sigma Partners. "We see a lot of urgency scaling database applications today. VoltDB’s unique combination of product innovation and open-source business model gives it and its customers an edge in a market ripe for disruption."
"VoltDB has nailed the web-scale database solution," says Jo Tango, partner at Kepha Partners. "There are a lot of database application developers performing unnatural acts in order to gain better transactional database performance – sacrificing relational data models, SQL, and data integrity (ACID) with NoSQL solutions, or even worse, making applications unnecessarily complex by sharding traditional databases. VoltDB provides superior scalability and price/performance without these sacrifices. We think VoltDB will have a very successful future."
As part of the funding, Tango and Mandile will join VoltDB’s board of directors.
“The endorsement of partners as strong as Sigma and Kepha is a real testament to the solution that VoltDB has built,” says Scott Jarr, VoltDB president and chief executive. "We are thrilled to be adding such valuable board members to the VoltDB team."
