Splice Machine Closes $15M Series B Funding
Splice Machine, a San Francisco, CA-based provider of a transactional real-time SQL-on-Hadoop database for Big Data applications, closed a $15M Series B round of funding.
The investment was led by InterWest Partners, with participation from existing investors Mohr Davidow Ventures (MDV).
The company intends to use the funds to accelerate product development and expand its sales and marketing team in preparation for its upcoming public beta offering in this quarter of 2014.
Led by Monte Zweben, co-founder and CEO, Splice Machine provides application developers and database architects with an SQL database on Hadoop with real-time updates and ACID transactions. The company, which received its first round of funding in October 2012 (read here), delivered a limited product release where more than 50 enterprises validated use cases, tested SQL coverage and benchmarked performance.
It is hiring.