Yugabyte, a Sunnyvale, Calif.-based leader in open source distributed SQL databases, raised $48m in funding.
The round, which brought total funding to $103m, was led by Lightspeed Venture Partners with additional participation by Greenspring Associates, Dell Technologies Capital, Wipro Ventures and 8VC.
The company intends to use the funds to expand its R&D, sales and customer functions in the EMEA and APAC markets and further accelerate enterprise adoption of its commercial products.
Led by Kannan Muthukkaruppan, Co-Founder and President, Yugabyte is the company behind YugabyteDB, the open source, high-performance distributed SQL database for building global, internet-scale applications used by enterprises to accelerate, particularly in the e-commerce, financial services and telecommunications verticals.
The company’s commercial products include: Yugabyte Platform, a self-managed private database-as-a-service offering available on any public, private, or hybrid cloud or Kubernetes infrastructure and Yugabyte Cloud, a fully-managed database service currently available on AWS and Google Cloud, have seen broad adoption in the past 12 months. The company also recently announced YugabyteDB 2.4, a major update including hardened enterprise-grade security features, enhanced multi-region deployment capabilities and significant performance improvements.
Customers include Hudson River Trading, Kroger, Narvar, Turvo, Manetu and Xignite, among others.