OtterTune, a Pittsburgh, PA-based database automation and optimization platform provider, raised $12m in Series A funding.
The round was led by Intel Capital and Race Capital with participation from Accel. In conjunction with the funding, Nick Washburn, Senior Managing Director of Intel Capital, will join OtterTune’s board of directors.
The company will use the funding to expand its engineering team and build support for additional databases on other cloud platforms as well as innovating additional autonomous optimization features.
Led by Andy Pavlo, co-founder and CEO, OtterTune automates the complex and time-consuming process of database performance optimization. The technology uses machine learning to safely analyze and continuously optimize those settings to help companies of all sizes run their databases more efficiently at a lower cost. It works for cloud-based PostgreSQL and MySQL databases (Amazon RDS and Amazon Aurora). In addition, new database health checks to mitigate outages or performance drops have been added as well.
FinSMEs
10/05/2022