ScyllaDB, a Palo, Alto, CA-based startup that specializes in database technology for high-throughput, low-latency workloads, has raised $43 million in funding. To date, the startup has raised $103 million in venture capital.
SaaS Investors
The round was led by Eight Roads Ventures.
Eight Roads Ventures is a global venture capital firm managing $11bn of assets across offices in the UK, China, India, Japan, and the US. Backed by Fidelity, the firm invests in technology and healthcare companies in Asia, Europe, Israel, and the US.
ScyllaDB Use of Funds
The funds will be put towards accelerating Scylla DB's momentum and expanding the size of its 168-person team.
About ScyllaDB
ScyllaDB provides a NoSQL database that allows for more flexible data storage and retrieval. It is widely used for applications such as ad serving, AI and machine learning, recommendation engines, and analyzing data from IoT devices. The company claims its technology can perform millions of operations per second with single-digit millisecond latency. ScyllaDB's database is used by over 400 companies, including Discord, Epic Games, and Palo Alto Networks.
Funding Details
Company: ScyllaDB, Inc.
Raised: $43.0M
Round: Unknown
Funding Month: October 2023
Lead Investors: Eight Roads Ventures
Additional Investors:
Company Website: https://www.scylladb.com/
Software Category: NoSQL Database platform
Source: https://au.lifestyle.yahoo.com/scylladb-raises-43m-scale-nosql-100057543.html