Total amount raised
$103 Millions
Latest funding date
10/01/2023
Location
ScyllaDB has successfully raised significant funding through multiple rounds, with its most recent being a Series C round closed on October 10, 2023. The company is backed by 11 investors, including notable names like AllianceBernstein and TLV Partners.
ScyllaDB's NoSQL database is designed for high performance and scalability, making it a preferred choice for data-intensive applications. Keep reading to explore the intricacies of ScyllaDB's fundraising journey and the investors backing this innovative platform.
What Is ScyllaDB?
ScyllaDB, founded in December 2012 by Avi Kivity and Dor Laor, is headquartered in Sunnyvale, California. The company specializes in providing a high-performance NoSQL database solution designed for data-intensive applications.
ScyllaDB's database is compatible with Apache Cassandra and Amazon DynamoDB, offering high throughput and low latencies. Their product lineup includes ScyllaDB Cloud, ScyllaDB Enterprise, and ScyllaDB Open Source, among others.
With a team of 101-250 employees, ScyllaDB continues to innovate in the field of NoSQL databases, ensuring scalability and performance for its users.
How Much Funding Has ScyllaDB Raised?
- Series A
- Amount Raised: Not publicly disclosed
- Date: January 2013
- Lead Investors: Ariel Maislos
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial product offerings.
- Venture Round
- Amount Raised: $7M
- Date: September 2013
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand the team.
- Venture Round
- Amount Raised: $2M
- Date: November 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and market entry.
- Series B
- Amount Raised: $16M
- Date: March 2017
- Lead Investors: Magma Venture Partners, Qualcomm Ventures, Samsung Ventures, Western Digital Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product capabilities.
- Series C
- Amount Raised: $10M
- Date: April 2018
- Lead Investors: TLV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product features.
- Series C
- Amount Raised: $25M
- Date: September 2019
- Lead Investors: Eight Roads Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and enhance database performance.
- Series C
- Amount Raised: $43M
- Date: October 2023
- Lead Investors: Eight Roads Ventures, AB Private Credit Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To push database performance to new levels and address scalability issues.
Total Amount Raised: $103M. Current Valuation: Not publicly disclosed.
Key Investors
- Eight Roads Ventures
- Details: Eight Roads Ventures is a global venture capital firm. They have invested in technology and healthcare companies worldwide.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Alibaba, Appsflyer, Neo4j
- TLV Partners
- Details: TLV Partners is an Israeli venture capital firm focusing on early-stage technology companies. They aim to support startups from inception to growth.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Next Insurance, Aqua Security, Guardicore
- Magma Venture Partners
- Details: Magma Venture Partners is an Israeli venture capital firm investing in early-stage technology startups. They have a strong track record in the tech industry.
- Investment Focus Areas: Early-stage technology startups
- Notable Investments: Waze, Fiverr, Taboola
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated. They focus on mobile and wireless technologies.
- Investment Focus Areas: Mobile technology, AI, IoT, automotive sectors
- Notable Investments: Zoom, Xiaomi, Ring
- AB Private Credit Investors
- Details: AB Private Credit Investors is a platform of AllianceBernstein, a global investment management firm. They specialize in private credit investments.
- Investment Focus Areas: Private credit, growth-stage companies
- Notable Investments: Not publicly disclosed
What's Next for ScyllaDB?
ScyllaDB stands at the cusp of significant growth opportunities, driven by the increasing demand for high-performance, scalable NoSQL databases. With a market size projected to reach $35.7 billion by 2028, the company is well-positioned to capitalize on this trend. ScyllaDB's unique architecture and performance metrics make it an attractive option for data-intensive applications, drawing in major clients like Disney+ Hotstar, Expedia, and Discord.
Future fundraising appears promising, given the company's recent $43 million round and its total venture capital raised of $103 million. This financial backing will likely fuel further technological advancements and market expansion. As ScyllaDB continues to grow, it may attract additional investment rounds to support its scaling efforts and innovation.
However, challenges remain. The competitive landscape includes established players like MongoDB and Amazon DynamoDB. ScyllaDB must also keep pace with rapid technological advancements and ensure data security and compliance. Balancing these challenges with growth opportunities will be crucial for ScyllaDB's continued success.
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