NoSQL Market: Clustrix Raises $12 Mln

Posted on December 16, 2010
Filed Under Emerging Technology, Venture News |

Clustrix, a developer of NoSQL key-value stores with the robust relational database functionality, immediate transactional consistency, and seamless deployment of SQL, raised $12 million in a Series B round, bringing their total funding to $30 million. Investors U.S. Venture Partners (USVP), Sequoia Capital and ATA Ventures participated pro-rata in this round. Funds from this new investment will be used to expand sales, marketing and product development. Clustrix Series 4000 appliances bring to database administrators the best of both worlds: the high-performance, high-scalability of NoSQL key value stores and the relational, ACID-compliant and robust functionality of SQL while providing drop-in interoperability with the MySQL protocol. The cost savings of utilizing the Clustrix solution are also significant, particularly when compared to the time and expense of application sharding (partitioning).

According to Market Research Media’s recent study, the worldwide NoSQL market is expected to reach $1.8 Billion by 2015 at a CAGR of 32% between 2011 and 2015.

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