DataStax raises $115 Million at a $1.6 Billion Valuation

DataStax is the company that builds up a massively scalable, cloud-native NoSQL database built on Apache Cassandra. DataStax assists businesses in the mobilization of real-time data and then helps them to quickly build high-scale applications to become data-driven businesses. The company’s aim is to give enterprises freedom, simplicity, and true-cloud economics; thus, power interactions through apps.

The funding round was led by Goldman Sachs. Among other investors were RCM Private Markets, EDB Investments Pte. Ltd., as well as such existing backers as Crosslink Capital, Meritech Capital Partners, and OnePrime Capital. The funding raised will be put into fostering the expansion and development of the Astra-DB multi-cloud database and Astra Streaming streaming service.

DataStax, California, the USA, was founded by Jonathan Ellis and Matt Pfeil in 2010. The company has been developed from a specialist shop for managed Apache Cassandra database services to an open data stack specialist offering a sophisticated full open data stack that can support data at rest and data streaming at a massive scale. DataStax continues its innovative way to ensure developers can adapt its services cost-effectively through serverless technologies. “What’s clear is that we’re only in the early stages of what’s possible with new data-driven experiences that will serve a wide range of human needs, create virtuous cycles between companies and their customers, and move markets. We appreciate that our investors believe in our vision – even in this economy, we were able to raise significant capital at a substantial premium over the round we completed just a year ago,” Chet Kapoor, CEO of DataStax.

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