World News: 13:00 GMT Wednesday 11th September 2019. [Scylla DB, Inc. via Globe Newswire via SPi World News]
PALO ALTO, Calif., Sept. 11, 2019 (GLOBE NEWSWIRE) -- , the real-time big data database company, today announced that it has received $25 million in funding to meet increasing demand for a highly scalable, highly performant NoSQL database. Already outstripping Apache Cassandra, ScyllaDB will use the new funds to offer a better, faster open source alternative to Amazon DynamoDB.
Since launching in 2015, Scylla has replaced Cassandra at hundreds of leading organizations, including Comcast, GE, Grab, IBM, Opera Software, Samsung and Starbucks. Expanding on that effort, ScyllaDB today launched an that enables DynamoDB users to effortlessly migrate to ScyllaDB’s free open source database.
“Now that our product has matured, we’ve expanded our APIs with new capabilities and added deployment options for our as-a-service offering to run on multi-cloud infrastructure,” said Dor Laor, CEO of ScyllaDB. “Remaining true to our open source roots, we’re now providing an OSS, upstream-first alternative to the popular DynamoDB database. That means DynamoDB users will be able to run their applications everywhere, extend the database, gain in-depth observability with Grafana, enjoy better, lower latency — and all this at a fraction of the price.”
The round was led by Eight Roads Ventures and brings the total amount raised by ScyllaDB to date to $60 million. Existing investors Bessemer Venture Partners, Magma Venture Partners, Qualcomm Ventures and TLV Partners also participated in the round. In addition to developing the DynamoDB-compatible API, ScyllaDB will use the additional funding to expand its engineering department and double its global sales and marketing team.
Adam Fisher, Partner at Bessemer Venture Partners, which led Scylla's Series A round of financing in 2013, praised the company's emphasis on product cost efficiency. “For enterprises, total cost of ownership is key,” Fisher said. “The genius of ScyllaDB is that it offers best-in-class performance along with the lowest total cost. Whereas normally you have to choose one or the other, with Scylla you get both. That gives it a powerful competitive advantage that has helped it win adoption with enterprise customers like Comcast and Grab.”
The funding news comes ahead of ScyllaDB’s annual user conference, , November 5-6 at the Parc 55 hotel in San Francisco, featuring speakers from Fortune 500 companies like Capital One and Comcast, and fast-growing Internet companies like Fanatics and Grab.
For more information about ScyllaDB or to download Scylla Open Source, go to .
Globe Newswire: 13:00 GMT Wednesday 11th September 2019
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