Startup Spotlight: Yugabyte’s cloud databases
San Francisco, California-based Yugabyte offers a distributed SQL database known as YugabyteDB.
The company says its offerings are cloud-neutral and 100% open-source, with two main products. Yugabyte Platform, a self-managed private database on public, private or hybrid cloud and Yugabyte Cloud, a fully managed database service available on AWS and Google Cloud.
Customers include the likes of Kroger, Narvar, Plume, Admiral and Xignite.
The company has raised $55mn since its foundation in 2016, with its latest Series B round announced yesterday at $30mn. Led by 8VC, the round also featured the participation of Wipro Ventures, Lightspeed Venture Partners and Dell Technologies Capital.
Kannan Muthukkaruppan, co-founder and President, Yugabyte, said in a press release: “We built YugabyteDB from the ground up to meet the untapped cloud native database demand from small and large enterprises alike. This round of funding from 8VC, Wipro Ventures, and others validates our approach,” said. “Bhaskar Ghosh, Partner & CTO at 8VC who led the investment and will join the Yugabyte board, is no stranger to enterprise data infrastructure; he worked at the core of Oracle and Informix databases and later helped fuel LinkedIn's growth as its Head of Data Engineering. We are thrilled to be working with Bhaskar and 8VC's dynamic team of investors with entrepreneurial roots that take a long-term view on disruptive technologies like ours."
Yugabyte said it would use the latest financing to assist in the adoption of its products by enterprise, as well as support its open source nature.
“Legacy source-of-truth databases form the beating heart of enterprises, and their movement to the cloud has just begun. This massive market deserves a product as beautifully architected and operable as the Yugabyte platform,” said Bhaskar Ghosh. “I cannot think of anybody better positioned to be a leader in this space than Yugabyte and the 8VC team is excited to be part of its journey to transform the enterprise.”
