ScyllaDB, a Palo Alto, CA-based real-time big data database company, closed a $10m Series C funding.
The round, which brings total funding to $35m, was led by TLV Partners, with participation from previous investors Bessemer Venture Partners, Qualcomm Ventures, Magma Venture Partners, and Western Digital. In conjunction with the new funding, Shahar Tzafrir of TLV Partners joined ScyllaDB’s board of directors.
The company intends to use the funds to accelerate its entry into the database-as-a-service (DBaaS) market, leveraging the early success of the Scylla open source database and the acquisition of DBaaS intellectual property in October of last year.
Led by Dor Laor, CEO, ScyllaDB provides a real-time big data database fully compatible with Apache Cassandra and used for a variety of business-critical purposes, including as a key value store, time-series database, large blob store, and graph database backend. It has been adopted by AppNexus, AdGear, CERN, Discord, IBM, Nauto, Ola Cabs, Samsung and Ytel, and other companies.
The company is also partnering with industry leaders such as Qualcomm, IBM Compose, Samsung SDS, and more.