Monday, September 8, 2014

DataStax: 106 million

DataStax, the company that delivers Apache Cassandra™ to the enterprise, announced that it has secured $106 million in Series E financing. This amount, together with the $84 million investment in previous rounds, brings the total invested to date to $190 million.

DataStax raised $106 Million, which is the proof of investment solidifies growing global enterprise demands for Distributed Database Management Systems.

In just under a year, DataStax has experienced extremely rapid growth and now has:

  • More than 350 employees (100 percent increase since December 2013) in six global locations: Santa Clara, Austin, London, Paris, Sydney and Tokyo.
  • Customers which include 25 percent of the Fortune 100 enterprises.
  • A rapidly expanding global sales force that has grown the customer base in over 50 countries and accounts for revenue growth of more than 125 percent year over year.
  • A powerful and experienced executive team that is focused on scaling the company internationally. Key hires in the past year include known industry veterans Dennis Wolf as CFO, John Schweitzer as SVP of Field Operations, Tony Kavanagh as CMO and Clint Smith as General Counsel.

With this new round of funding, DataStax expects to accelerate growth and deliver sustainable long-­term value and success to customers and partners.

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