VoltDB, Inc., a Billerica, MA-based developer of an innovative open-source database software, has closed $5m in financing from Kepha Partners and Sigma Partners.
The company will use the additional capital to extend adoption of its software.
In conjunction with the funding, Kepha Partners partner, Jo Tango, and Sigma Partners managing director, John Mandile, will join the company’s board of directors.
Co-founded in 2009 by Dr. Michael Stonebraker, a pioneer of the database industry, VoltDB aims to eliminate traditional price/performance and scalability bottlenecks via an innovative DBMS architecture that combines in-memory processing, a shared-nothing scale-out architecture and a unique solution to ensure high-availability 24×7.
According to the company, “the VoltDB performance advantage stems from an in-memory, distributed database partitioning concept that is optimized to run on today’s memory-rich servers with multi-core CPUs”.
VoltDB is available from voltdb.com. The open-source Community Edition is licensed under the GPL and is available free of charge. Pricing for annual support subscriptions starts at $15,000 per year.