ScaleArc Closes $5.33M Series B Financing
ScaleArc, a Menlo Park, California-based developer of software that simplifies the way database environments are deployed and managed, has closed a $5.33m Series B financing.
The round was led by Trinity Ventures, with participation from existing investor Nexus Venture Partners.
The company intends to use the new funds to expand into new markets and hire new people (http://www.scalearc.com/careers.php).
Led by founder and CEO Varun Singh, ScaleArc has developed a new category of database infrastructure software that abstracts database servers from application servers to provide instant horizontal scaling and connection management, and enables real-time visibility into every query to provide instant analytics and troubleshooting, one-click query caching, wire-speed security enforcement, etc.
Customers includes companies operating in a wide range of industries such as eCommerce, web 2.0 / SaaS, online gaming, digital media companies, service providers, and enterprises.
The company also appointed former Juniper Networks executive Justin Barney as president and COO.