Shaking Up the Database Market
Last week, Clustrix announced that it raised $16.5M in its latest Series C funding round. The Wall Street Journal declared that “tech watchers once considered the database market pretty stagnant, at least in terms of new technology and new entrants. Suddenly it is anything but that, with Clustrix a prime example.”
The investors contributing to this latest funding round include Sequoia Capital, U.S. Venture Partners, ATA Ventures, and Don Listwin, a past Cisco executive and CEO of Openwave Systems. This round raises Clustrix’s total capital raised to date to $46.5 million.
Robin Purohit, Clustrix CEO, has stated that Clustrix will use this funding to ramp the sales and marketing of the Clustrix software (and its position within the database market), but will continue to focus on selling appliances as well.