S3 Ventures Raised $8 Million Series B Fund for Datical
S3 Ventures announced on Thursday to close the Series B funding for Datical, an Austin-based data management company. The $8 million funding will be used for expanding Datical's platform and extending sales in the global market.
Datical is a leader in solution for database change automation. It provides a commercial service for an open source Liquibase, a set of libraries for tracking, managing and applying changes in database schema. Automation for database changes is an essential needs in agile software development methodology.
Datical expand the open-souce Liquibase into its own Datical DB, a database with Liquibase core system. The company adds its automation system to simplify the deployment by bridging the gap between development and operations or devops. With its schema, Datical DB can provide a rapid deployment required for enterprise system to implement Continuous Delivery application development.
Derek Hutson, Datical CEO told The PE Hub Network regarding its product, "Whether our customers are using cloud or on-premise databases, we enable them to increase the speed, accuracy and security of database change."
He also explained about partnership with S3 Ventures, "As the market turns to Datical to solve this problem, partnering with S3 enables even greater investment in our technology and provides our current and future customers with ever-increasing value."
Last Thursday, the company announced it has received $8 million in Series B funding. The fund was led by S3 Ventures with participation from existing investors Mercury Fund and Austin Ventures. The additional fund accumulate a total $14.91 million Datical has raised since 2011 in six funding rounds.
Previously in late 2014, as Austin Business Jornal reported, Datical reported completing a $4.4 million financing involving 18 investors.
Datical will use the recent funding to expand its already widely-used database automation system. Currently, Datical DB and its solutions has been delivered to the list of big enterprises. Big companies such as Bank of America, eBay, Fidelity, GE Transportation and McKesson have been listed as Datical's client.
Its new approach to database management has been recognized by enterprises to suit their needs of constant changes that challenges the traditional database management system. Julie Craig, research director at Enterprise Management Associates explained the changes in enterprise database system to Business Wire, "The role of the DBA has always been as the protector of the database. However, accelerated speed and constant change are the new reality, as organizations adopt DevOps and continuous delivery practices to remain competitive."
Craig then praised Datical solution, "Datical rounds out the continuous delivery automation story with an integrated approach to the packaging, validation and deployment of database changes."
Its top-of-the-line database solution and list of prominent enterprise customers making Datical a trusted name in current data management platform. The latest $8 million Series B funding will be used to expand its platform and extend its global sales.