ParElastic Raises $5.7M in Series A Financing

ParElastic Corporation, a Boston, MA-based cloud data management company, raised $5.7m in Series A financing.

The round was led by General Catalyst Partners, with participation from existing investors Point Judith Capital, CommonAngels and LaunchCapital. In conjunction with the funding, Larry Bohn, Managing Director at General Catalyst, will join ParElastic’s board of directors.

Co-founded in 2010 by CEO Ken Rugg and CTO Amrith Kumar, ParElastic provides the ParElastic Database Virtualization Engineā„¢, which allows users to execute workloads that exceed the capabilities of a single database server by making multiple standard database servers work together as a single virtual database, provisioning only the resources needed to satisfy the demands of the application at any given instant.
The solution allows clients to handle high volume database workloads like digital gaming, eCommerce and social media applications, and SaaS environments.

FinSMEs

10/04/2013

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