Instaclustr, a Palo Alto, California – based provider of completely managed solutions for scalable open source technologies, raised $15m in funding.
Level Equity, a New York City-based private investment firm, made the investment.
The company intends to use the funds to accelerate expansion of its managed platform of core open source technologies.
Led by Peter Nichol, CEO, Instaclustr provides an Open Source-as-a-Service platform that delivers hosted and managed big data technology solutions in their open source form, providing customers the data capabilities required to scale with freedom from vendor or technical lock-in. Core technologies currently provided by the managed platform include Apache Cassandra, Apache Spark and Apache Kafka.
The company now serves more than 100 customers from various industries.