ScaleBase, a Newton, MA-based database virtualization company, has raised $10.5m in Series B funding.
The company intends to use the capital for product innovation, research and development, and sales and marketing expansion.
Led by newly named CEO Ram Metser and founder and CTO Doron Levari, ScaleBase provides a Data Traffic Manager that aims to virtualize complex database environments and to provide a unified point of management without changing the existing ecosystem and eliminating and excessive infrastructure costs. The company serves acustomers in a wide range of industries including online gaming companies, digital media providers, social networks and enterprises.
It is also an authorized Amazon and Oracle Partner.
In conjunction with the funding, Ben Nye, managing director at Bain Capital Ventures, and Geoff Oblak, general partner at Ascent Venture Partners, will join Motti Vaknin, partner at Cedar Fund, on ScaleBase’s board of directors.