ScaleArc, a Santa Clara, CA-based provider of database load balancing software, completed a $20m Series C-1 financing round.
The round was led by Bain Capital Ventures with participation from existing investors Accel Partners, Trinity Ventures, and Nexus Ventures.
The company intends to use the funds to grow its global operations, increase hiring efforts as well as sales and marketing initiatives.
Led by Justin Barney, CEO, ScaleArc provides companies with software that acts as a layer that shields apps from database failures, simplifies scale out, and increases app performance.
The platform, which also simplifies the process of moving enterprise workloads into the cloud, enables enterprises running SQL Server, MySQL, and Oracle to maintain application uptime, despite outages at the database tier, avoiding both planned and unplanned downtime.
ScaleArc supports apps for Dell, Vitacost (a division of Kroger), Axcess Financial, snapdeal, Zos Communications (running on the Amazon cloud) and Stitch Labs.
FinSMEs
19/01/2016