DataStax Raises $106 Million

Date 2014/9/9 10:19:39 | Topic: Company News

DataStax, the company that delivers Apache Cassandra™ to the enterprise, today announced that it has secured $106 million in Series E financing. This amount, together with the $84 million investment in previous rounds, brings the total invested to date to $190 million. The round was led by Kleiner, Perkins, Caufield & Byers (KPCB) and includes a syndicate consisting of leading institutional, international and top-flight venture capital firms.
Since the company's inception in 2010, DataStax and Cassandra have solved some of the hardest enterprise technology challenges for more than 500 global companies including Intuit, Intercontinental Hotels Group, Clear Capital, Netflix and eBay. The company has also developed strong partnerships with over 115 companies including Google, Accenture, Microsoft and HP. In just under a year, DataStax has experienced extremely rapid growth and now has:
* More than 350 employees (100 percent increase since December 2013) in six global locations: Santa Clara, Austin, London, Paris, Sydney and Tokyo.
* Customers which include 25 percent of the Fortune 100 enterprises.
* A rapidly expanding global sales force that has grown the customer base in over 50 countries and accounts for revenue growth of more than 125 percent year over year.
* A powerful and experienced executive team that is focused on scaling the company internationally. Key hires in the past year include known industry veterans Dennis Wolf as CFO, John Schweitzer as SVP of Field Operations, Tony Kavanagh as CMO and Clint Smith as General Counsel.

This article comes from Software Development Tools

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