SnappyData, a Portland, Oregon-based developer of an in-memory hybrid transactional analytics database built on Apache Spark, secured $3.65m in Series A funding.
The round was led by Pivotal, GE Digital and GTD Capital.
The company intends to use the funds to invest in engineering and sales.
Led by GemFire founders Richard Lamb, Jags Ramnarayanan and Sudhir Menon, SnappyData provides an open source platform acting as an alternative for customers who traditionally have used a combination of disparate products to handle their streaming, transactional and analytical data needs by doing it in a single in-memory cluster. The solution combines big data computing of Apache Spark in-memory design and “shared nothing” architecture that eliminates single points of failure while delivering very high performance based on Pivotal GemFire, a widely deployed enterprise-class in-memory data grid.
SnappyData currently has a team of 30+ engineers and is hiring.
FinSMEs
27/04/2016