by Angela Guess
According to a new release, DataStax has announced “the completion of a $25 million C round of funding led by Meritech Capital Partners, with participation from existing investors Lightspeed Venture Partners and Crosslink Capital. This latest round of capital comes in the wake of explosive demand for DataStax, with company bookings increasing by over 400 percent in 2012. DataStax will use the funds to further enhance its Big Data platform and increase the value for current customers while driving global customer acquisition.”
The article continues, “The increasing usage of Big Data has led enterprises to rethink how they manage data. IT industry analysts agree that traditional relational databases cannot handle the data velocity, volume, geographical distribution, and other common requirements of enterprise 2.0 applications. NoSQL databases, which can cost-effectively handle Big Data challenges, are becoming a key asset for these types of mission-critical business applications.”
It goes on, “DataStax provides a Big Data platform that powers the enterprise through through Apache Cassandra™, the massively scalable NoSQL database. Using best-of-breed Cassandra, Solr™ and Hadoop™ technologies, DataStax enables continuous availability, deep analytics, real-time search and high-velocity throughput.”
photo credit: DataStax
