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US-based SQL database startup VoltDB raises $8M in Series B funding
SQL database startup VoltDB secured $8 million in its second round of funding from unnamed investors from Silicon Valley. Existing investors Sigma Partners and Kepha Partners also contributed to the round, according to GigaOM.
VoltDB Chief Executive Officer (CEO) Bruce Reading said of the company: "Organizations everywhere are looking to drive competitive business value from new Big Data applications that can consume, analyze and act on massive amounts of dynamic data in real-time. This is exactly what VoltDB was built for... This new round of funding will enable us to expand to serve this growing customer base."
VoltDB stores data in a temporary server to facilitate faster transactions, and later it moves the data in a long-term storage. What sets the company apart from its rivals is its ability scale databases both up and out. Other similar databases can only scale either way, not both, VentureBeat explained.
Based in Bedford, Massachusetts, VoltDB was co-founded by database software entrepreneur Michael Stonebraker in 2009. At present, the startup has 400 clients including Shopzilla, Yahoo, and Alcatel-Lucent. To date, VoltDB has raised a total capital of $18.7 million, the report detailed.