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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