How can big data and smart analytics tools ignite growth for your company? Find out at DataBeat, May 19-20 in San Francisco, from top data scientists, analysts, investors, and entrepreneurs. Register now and save $200!
ScaleBase is a Boston-based startup that provides uninterrupted database performance management to the likes of AutoDesk and Mozilla, and it’s raised $10.5 million in its second-round of funding.
ScaleBase sees an opportunity to monitor the performance of companies’ web and mobile applications and help them scale up to meet the demands of an exploding user-base. It’s a much-needed solution in industries like online gaming, which sees frequent spikes in user growth.
“Market demand for uninterrupted database performance is growing at an unprecedented rate as thousands of new online and mobile apps launch daily, and companies struggle to keep up with the massive transactional processing requirements of big data,” said Ram Metser, the company’s newly appointed chief executive in a statement.
This infusion of funds brings the startup’s total funding to just under $15 million. Investors are most intrigued by ScaleBase capability for enhancing existing databases. “The big story here is virtualization,” said Motti Vaknin, a general partner at Cedar Fund, told me.
“ScaleBase is about virtualizing the data layer, allowing scale, but also unprecedented mobility and flexibility with data, while doing all that over commodity databases and without requiring any change in the applications,” Vaknin explained.
ScaleBase has plenty of competitors in this space, which is receiving a great amount of attention from companies and investors: NuoDB, a cloud-based solution that can scale out elastically; Akiban Technologies; Scalability; and Hypertable.
The $10.5 million in fund-raising was led by Bain Capital Ventures and Ascent Venture Partners, with participation from existing investor, Cedar Fund.
VB's working with marketing expert Scott Brinker to understand the new digital marketing organization. Help us out by answering a few questions
, and we'll help you out with the data.