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Summary:

NewSQL database player sees big opportunity from a new generation of Internet of Things-enabled applications and will use this money to attack it.

money

NewSQL database vendor VoltDB  closed $8 million in Series B funding, which it will use to support more new applications enabled by the internet of  things. This round was led by an unnamed “Silicon Valley luminary” and two other unnamed investors along with current backers Sigma Partners and Kepha Partners. This brings total funding to $18.7 million.

“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,” VoltDB CEO Bruce Reading said in a statement. “This is exactly what VoltDB was built for  … This new round of funding will enable us to expand to serve this growing customer base.”

The Bedford, Mass., company was co-founded by serial database entrepreneur Michael Stonebraker — who also built Ingres, now part of CA;  Vertica, now part of HP; and Paradigm4 and was a major force in the development of Postgres. Stonebraker is now an advisor for the 5-year old company.

To hear more from Stonebraker himself about the state of the database market, check out the Structure Show podcast from December.

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  1. Tudor Lapusan Tuesday, March 18, 2014

    Glad to hear that VoltDB wants to play so big

  2. Ässface Jackson Tuesday, March 18, 2014

    > was a major force in the development of Postgres.

    Major force? What are you talking about? He invented it.

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