DataStax, the database company based on the open-source Cassandra system, has secured $115 million in funding for a $1.6 billion valuation.
Led by the Growth Equity business within Goldman Sachs and backed by RCM Private Markets and EDB Investments, the latest round follows a strong first quarter based on the popularity of DataStax’s Cassandra DBaaS Astra DB. Existing investors include Crosslink Capital, Meritech Capital Partners, OnePrime Capital, and others.
Cassandra is a distributed, wide-column store database suited to real-time use cases such as e-commerce and inventory management, personalization and recommendations, Internet of Things-related applications, and fraud detection. It is freely available on the Apache Version 2 license, although DataStax offers managed service Astra on a subscription model.
Yes sir, no sir, 3 bags NoSQL sir: It’s a whizz-bang benchmark … but WTF does it signify?
Netflix, for example, has used Cassandra since 2013, replacing Oracle databases and using the NoSQL system to support global accounts and customer data worldwide.
Speaking to The Register, Chet Kapoor, DataStax chairman and CEO, claimed Cassandra was the most scalable NoSQL database in the world.
“We serve real-time applications with an open data stack that just works. We’re specifically not in the deep lane: the analytic side. That’s Databricks and Snowflake and so on. We are very much…
