Database Virtualization Platform Datometry Raises $17 Million In Series B Funding

Database Virtualization Platform Datometry Raises $17 Million In Series B Funding

by NeoTech Post

Datometry, a database virtualization platform, raised $17 million in Series B funding led by WRVI Capital with participation from existing investors, Nepenthe, Dell Technologies Capital, Redline Capital, and Acorn Pacific.

The company plans to use the new funds to accelerate its go-to-market activities with its partners, Microsoft Azure, Amazon Web Services, Google Cloud Platform, and select systems integrators.

The Datometry database virtualization platform liberates enterprises by neutralizing vendor lock-in from legacy systems.

The Datometry Hyper-Q Platform lets existing applications run as-is, directly on a cloud data warehouse – without requiring any code changes. Existing applications become instantly interoperable with modern data technology. Datometry eliminates the need for time-consuming, costly, and risk-laden migration projects.

“Replacing a legacy data warehouse with a modern cloud data warehouse is one of the most rewarding, but also the toughest, challenges IT leaders are currently facing,” said Mike Waas, CEO, Datometry.

“Our Hyper-Q platform redefines this transformation entirely: we give enterprises a software-based, simple, and reliable path. All at a fraction of the cost. We provide both cloud vendors and enterprises, unique means to improve their competitive posture significantly.”

Founded in 2013, Datometry has raised over $27 million to date, including a $10 million Series A funding round in 2017, led by Redline Capital with participation from Dell Technologies Capital and Acorn Pacific Ventures.