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November 09, 2012

Elasticsearch Raises $10M from Investors

Elasticsearch has raised $10 million from investors in its latest funding round.

Benchmark Capital led the Series A round. Other investors included Rod Johnson.

Elasticsearch, which provides open source big data search and analytics, will use the money to build out the organization and expand into other locations.

Elasticsearch has already been downloaded some 1.5 million times since 2009. It’s also seeing some 200,000 downloads per month.

“Elasticsearch is designed specifically to tackle the challenge of searching billions of documents or events in real time, and extracting information out of structured and unstructured data is in our sweet spot,” said Elasticsearch’s developer Shay Banon.

“Our ability to attract investments from visionary open source leaders like Peter Fenton and Rod Johnson highlights the enormous opportunity we have as a company,” Steven Schuurman, Elasticsearch cofounder and CEO, added in the company statement. “In my 12 years in the software industry, I have never seen a product have such an immediate impact on customers as Elasticsearch and its adoption continues to increase daily. With this Series A round, we will continue to invest our resources in extending its value and maintain our 100-percent commitment to maximizing the success for anyone who uses Elasticsearch.”

“Benchmark moves lightning fast on investments when we see the combination of explosive technology adoption and a founding team that radiates technical excellence,” Peter Fenton, general partner at Benchmark Capital, said in a statement carried by TMCnet. “Similar to companies in which we invested such as RedHat, MySQL and SpringSource, Elasticsearch quickly rocketed to 200,000 downloads per month.”

In its story on Elasticsearch, VentureBeat notes that the company “is the only legitimate competitor that has emerged to give Apache Lucene / Solr … a run for its money.”

Solr is run by the Apache Software Foundation.




Edited by Braden Becker
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