YugaByte Launches From Stealth with $8M In Series A FundingNovember 2, 2017
YugaByte, a cloud-native database for mission-critical applications, launched today from stealth with $8 million in Series A funding led by Ravi Mhatre of Lightspeed Venture Partners and other prominent angels including Jeff Rothschild, former VP of Infrastructure at Facebook. Bipul Sinha, CEO of Rubrik, is a strategic advisor to the company.
"The knowledge and experience of YugaByte’s leadership team is just one of the many reasons we chose to invest," said Ravi Mhatre, Partner, Lightspeed Venture Partners. "Companies today are looking for ways to drive innovation and growth, and YugaByte, with this new cloud-native database for mission-critical data, does just that. We are excited to be on this journey with the team.”
YugaByte DB takes the learnings from databases such as Oracle, Apache HBase, Apache Cassandra and Google Spanner to bring the best of the SQL and NoSQL paradigms in a unified platform that is purpose built for cloud-native infrastructure agility. It easily scales up and down on public clouds, on-premises datacenters and even across hybrid environments while ensuring zero data loss and always-on data availability. It thus serves as the ideal stateful complement to Docker and Kubernetes.
"YugaByte aims to make the complicated easy, so our users can focus on growing their business and not spend all their time managing complex database systems," said Kannan Muthukkaruppan, CEO and co-founder of YugaByte. "Yuga in Sanskrit represents an era or an epoch, and the name YugaByte signifies data without limits. Our ultimate goal is to simplify mission-critical data, and we believe YugaByte does just that."