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.”
KX and Microsoft partner to scale up real-time analytics
, a data analysis software developer and vendor, it has become a Microsoft Partner. The two companies are working together to build a long-term technical and go-to-market roadmap to enable companies to rapidly scale up their real-time analytics and decision-making capabilities.
This announcement has followed the launch of KX Insights, which is a cloud-first platform for streaming analytics that fully leverages the benefits of cloud architecture natively to deliver fast, scalable real-time data insights via the .
“KX Insights takes full advantage of the Microsoft Azure platform to deliver the optimal performance while maintaining interoperability with existing processes and data,” Gerry Buggy, Chief Strategy Officer at KX.
“Together with Microsoft, we are offering a streaming analytics solution that is fast, secure, and flexible. It’s a game-changer for firms looking to drive operational and commercial performance through real-time analytics.”
KX Insights has been built to leverage vast amounts of real-time data in a scalable and easy-to-use manner. It has been benchmarked as the fastest in the industry to independent STAC benchmarks. The platform also operates on Amazon AWS and Google Cloud, plus on all public and private clouds and on-premises too where required.
Moving to the cloud
The recent found that 92% of respondents reported having a multi-cloud strategy. 82% are taking a hybrid approach, combining the use of both public and private clouds. More than half of respondents use the cloud heavily and have reached the advanced cloud maturity level. 21% of organisations are at the intermediate maturity level, and 19% are beginners.
The report showed that many of the advantages delivered by the cloud have proven to be especially valuable as organisations adapted over the past year to meet the rapidly evolving needs of businesses.