The cash is stacking up
NoSQL startup DataStax seal extra $45m for Cassandra crafting
DataStax, the company looking to drive commercial adoption of NoSQL database Cassandra, has raised a further $45m in funding.
The latest round of venture capital takes the startup’s total to $83m since its creation in 2010, and will be used to “fuel international expansion, channel growth and product development.” The company opened its EMEA office earlier this year, so further European growth is expected.
Despite being shunned by the likes of Facebook and Twitter for their storage needs, DataStax’s enterprise-level version of the NoSQL databases has found plenty of traction. Netflix, eBay and Adobe are all clients, as are 20 Fortune 100 companies. Although heavily focused on real-time data with Cassandra, the company’s solutions also meld together Hadoop batch analytics and enterprise-level search with Apache Solr.
In a press release, CEO Billy Bosworth boasts that DataStax’s platform is “far and away the best solution” for those who want to “scale to tremendous levels,”
“Today’s funding exceeds all the capital we’ve received to date, and we will use this investment to accelerate our international expansion, channel growth, sales and marketing and product development while increasing our support for the open-source Cassandra community,” he added.
Coupled with the announcement, DataStax have released the latest version of their enterprise-grade product, DataStax Enterprise 3.1, bringing in a number of new tools and capabilities. Solr 4.3 integration has been added, while the Cassandra Query Language has new .NET and Java drivers. DataStax recognise the importance of the community too, with the arrival of DataStax Community Edition (DSC 2.0) expected next month, which includes new lightweight transaction mechanisms.
The company are also making big noises about their features which allow for smooth transition from relational database to NoSQL.According to Forrester Research, the enterprise NoSQL market will be worth $1 billion in 2017 suggesting bountiful times ahead for any company involved in the space.
Yet Bosworth and the company know that the main hurdle will be persuading the most antiquated companies to part with relational databases, not just the battle against competitors like 10gen for NoSQL supremacy. The main obstacle is still Oracle.
Latte image courtesy of yukop