Yugabyte, a specialist in open-source distributed SQL databases, closed $188 million in an oversubscribed Series C funding round.
The round was led by Sapphire Ventures, with participation from Alkeon Capital, Meritech Capital, and Wells Fargo Strategic Capital, existing investors Lightspeed Venture Partners, 8VC, Dell Technologies Capital, Wipro Ventures, and others. Sapphire President Jai Das also joins the Yugabyte Board of Directors.
The influx of capital will be used to further grow the Yugabyte field, engineering teams, and fuel the company’s expansion into new markets. This will enable faster enterprise adoption of the Yugabyte Cloud product offerings, that delivers a streamlined operational experience for running YugabyteDB in any public, private, or hybrid cloud or Kubernetes infrastructure.
Company: Yugabyte, Inc.
Round: Series C
Funding Month: October 2021
Lead Investors: Sapphire Ventures
Additional Investors: Alkeon Capital, Meritech Capital, Wells Fargo Strategic Capital, Lightspeed Venture Partners, 8VC, Dell Technologies Capital, and Wipro Ventures
Company Website: https://www.yugabyte.com/
Software Category: open-source distributed SQL databases
About the Company: Yugabyte is the company behind YugabyteDB, the high-performance distributed SQL database for building global, internet-scale apps. It is built using a unique combination of the high-performance document store, auto sharding, per-shard distributed consensus replication, and multi-shard ACID transactions (inspired by Google Spanner). YugabyteDB is the database of choice for cloud-native global applications, trusted by organizations like Wells Fargo, Kroger, Hudson River Trading, Narvar, and others. YugabyteDB has customers across all verticals, including retail, financial services, and telecommunications. More than 1,200 organizations have signed up for Yugabyte Cloud since its beta launch last year.