Splice Machine, a San Francisco, CA-based provider of Hadoop RDBMS, raised an additional $3m in its Series B financing.
Backers included Correlation Ventures, and database industry veterans Roger J. Sippl and Roger Bamford. The round expands the initial $15m Series B investment from Interwest Partners and Mohr Davidow Ventures (MDV), bringing the total round to $18m.
The company, which had received its first round of funding from MDV in October 2012, intends to use the funds to accelerate product development and build out the sales and marketing teams for its Hadoop RDBMS.
Led by Monte Zweben, co-founder and CEO, Splice Machine provides Hadoop RDBMS designed to scale real-time applications using commodity hardware without application rewrites. Its database is an alternative to traditional RDBMSs, such as Oracle®, MySQL™, IBM DB2® and Microsoft SQL Server®, and allows customers to power real-time applications and operational analytics, especially as they approach Big Data scale.
FinSMEs
06/08/2014