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October 04, 2012

DataStax Announces Completion of $25 Million Funding Round

DataStax, provider of the Big Data platform that powers mission-critical enterprise applications, recently announced the completion of its Series C funding round of $25 million led by Meritech Capital Partners, with participation from the company’s existing investors, Crosslink Partners and Lightspeed Venture Partners.

Headquartered in San Mateo, CA (News - Alert)., DataStax offers products and services that can cost-effectively handle Big Data challenges, and are becoming a key asset for these types of mission-critical business applications. Its products and services are based on the popular open-source database, Apache Cassandra, that is able to handle even the most challenging big data problems.

Meritech Capital Partners is a late-stage investment specialist when it comes to investment in technology companies and is a part of some of the most massive success stories of the tech world. The firm has already backed the likes of Cloudera, Facebook, and Box (News - Alert), which has successfully launched its new global data transfer network in September 2012. 

DataStax says in its statement that “explosive demand” has caused its bookings to soar this year – although there no figures have been provided to equate that rise in bookings in numbers. Following the Series C funding, its “Big Data platform” will see enhancement, which will improve the value of its products and will enable it to hunt for new customers from around the globe.

Paul Madera, managing director of Meritech, said that there is a clear and rapidly growing demand in the marketplace for Data tax’s Big Data platform, adding that they made a heavy commitment to DataStax because the company’s growth in the last six months has been so incredible. Additionally, they are poised to provide real value to enterprise customers for a long time to come. Like our other portfolio companies, DataStax is one of the best late-stage companies in tech and a key player in the market.

DataStax Enterprise (DSE) brings together the performance of Cassandra with analytics powered by Apache Hadoop and enterprise search with Apache Solr, creating a smartly integrated, big data platform. BIRT will also give access to Cassandra data sources and facilitate further refinement and exploration of query results in a graphical, customizable and highly interactive manner.

It has an impressive portfolio of companies that use DataStax products and services every day, including marketing specialist Constant Contact (News - Alert), learning powerhouse Pearson Education, streaming video rental service Netflix and the behemoth known as Disney.

DataStax said that the increasing usage of Big Data has led enterprises to rethink how they manage data. IT industry analysts agree that traditional relational databases cannot handle the data velocity, volume, geographical distribution, and other common requirements of enterprise 2.0 applications. NoSQL databases, which can cost-effectively handle Big Data challenges, are becoming a key asset for these types of mission-critical business applications.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Austin 2012, happening now in Austin, TX.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Allison Boccamazzo
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