NoSQL Database Company ScyllaDB Raises $25 Million

by Alok Kumar

ScyllaDB, the real-time big data database company, received $25 million in funding to meet the increasing demand for a highly scalable, highly performant NoSQL database.

Eight Roads Ventures (formerly Fidelity Growth Partners), a venture capital fund and an investment arm of Fidelity International Limited, led the financing round with participation from existing investors Bessemer Venture Partners, Magma Venture Partners, Qualcomm Ventures, and TLV Partners.

Since launching in 2015, Scylla has replaced Cassandra at hundreds of leading organizations, including Comcast, GE, Grab, IBM, Samsung, and Starbucks, and Opera Software. Expanding on that effort, ScyllaDB launched an API that enables DynamoDB users to migrate to ScyllaDB’s free open source database.

In addition to developing the DynamoDB-compatible API, ScyllaDB will use the latest funds to expand its engineering department and double its global sales and marketing team.

The company, founded in 2012, has raised $60 million to date, including a $10 million Series C funding round in 2018, which was led by TLV Partners.

Related Posts