ScaleArc, a Santa Clara, CA-based provider of database load balancing software, received a $7.5 million credit facility.
Square 1 Bank, a division of Pacific Western Bank, provided the financing.
The company intends to use the proceeds from the facility for the continued growth and global expansion.
Founded in 2009 and led by Justin Barney, president and chief executive officer, ScaleArc provides organizations of all sizes with database load balancing software to eliminate application downtime from database outages or maintenance, improve application performance and scale database capacity.
The company is backed by Accel Partners, Bain Capital Ventures, Nexus Ventures and Trinity Ventures.
FinSMEs
10/01/2017