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Investors have an appetite for databases , it seems .
Today , ScyllaDB , a startup developing database tech for high - throughput , blue - latency workloads , announced that it raised $ 43 million in a funding round led by Eight Roads Ventures with participation from AB Private Credit Investors , AllianceBernstein , TLV partner , Magma Ventures and Qualcomm Ventures .
The fresh Johnny Cash will be put toward “ accelerating ” ScyllaDB ’s impulse and expatiate the size of its 168 - person team , according to atomic number 27 - beginner and CEO Dor Laor .
“ Today ’s disruptors are take in an unprecedented amount of datum and pink it to deliver secernate user experiences that transform marketplace and displace bequest leaders , ” Laor say TechCrunch in an e-mail consultation . “ Data is being enrich , cleaned , swarm , feed in into AI and machine learning grapevine , replicate and cached from multiple sources . That ’s why it ’s more of import than ever to have a database that ’s up to the task . ”
ScyllaDB is what ’s get laid as a NoSQL database , which — unlike the relational databases once rife in the initiative — provides mechanism for data storage and retrieval that do n’t bank on a “ tabular coitus ” manikin . In a tabular model , a relationship is a link between two tables of data . But with a NoSQL database , relationship do n’t have to follow this schema — offering greater technology flexibleness and , in some caseful , improved performance .
NoSQL databases are usually used for applications like advertizing serving , AI and machine erudition , good word and personalization engines , dupery detection and analyzing data from internet of thing devices .
accord to a 2022surveyby Ventana , almost a quarter ( 22 % ) of organizations are using NoSQL databases in production today , while more than one - third ( 34 % ) are project to adopt NoSQL database within two age or evaluating their possible use . And the NoSQL market is expected to grow to $ 35.7 billion by 2028 , up from $ 7.3 billion in 2022 , the IMARC Groupreports .
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Now , ScyllaDB ’s not the only NoSQL seller out there — far from it . There ’s ArangoDB , Redis Labs and Crate.io to name a few , not to cite swelled player like MongoDB , Amazon ’s DynamoDB and Couchbase .
But ScyllaDB take that its technical school offer architectural advantages , like the power to perform millions of operations per mo with “ single - digit millisecond ” rotational latency . take to the woods across multiple clouds , on a hybrid swarm frame-up or on - premiss , ScyllaDB mechanically tune I / oxygen and CPU public presentation with workload prioritization , which co - locate workload under a single server clustering .
Those claims and capabilities were enough to win over customers , evidently . ScyllaDB says its database is now used by more than 400 companies , admit Discord , Epic Games and Palo Alto Networks and that revenue has grown 800 % since the company ’s origination in December 2012 .
“ Across industry , R&D teams are more and more realise that ScyllaDB ’s dramatically different database architecture deport ripe functioning and horizontal scalability for data - intensive workload , ” Laor said . “ ScyllaDB is designed to help fast - uprise , fast - moving squad deliver lightning - debauched user experience at extreme scale … ScyllaDB ’s unique computer architecture takes full advantage of forward-looking cloud resources , render impressive efficiency and cost - performance . ”
To date , ScyllaDB has upraise $ 103 million in speculation capital .
