Silk, a Needham MA-based platform that delivers database performance, raised $55M in Series B funding.
The round was led by S Capital with participation from Sequoia Capital, Pitango, Globespan, Ibex, Clal Insurance, Bank HaPoalim, Meitav Dash and Menora Mivtachim.
The company intends to use the funds to accelerate its sales and marketing efforts and expand engineering development.
Led by Dani Golan, CEO, Silk provides a cloud platform that enables enterprises to migrate their mission critical applications to the cloud, while increasing performance over on-prem environments. Silk sits between the cloud infrastructure and the customer’s database and allows users to optimize data without any change to the database or application. Customers include leaders in their fields such as eToro and Payoneer.
To bring Silk to a larger audience, the company has partnered with the major cloud vendors, is a Microsoft Azure IP co-sell incentivized partner, an AWS ISV technology partner and a GCP partner.
FinSMEs
07/07/2021