VoltDB today announced that it has raised a $9.8 million round of funding to extend its SQL in-memory database to power the next wave of real-time, fast data-driven applications. The round was led by strategic investors with participation from existing investors Kepha Partners and Sigma Prime Ventures.
Innovations in today’s enterprises are occurring at the intersection of fast data and Big Data through in-memory computing, streaming analytics and operational database technology. The rapid growth of mobility and the Internet of Things (IoT) drives the need for real-time data analysis and solutions that capture and process fast data to produce faster insight and action.
“The world of Big Data is evolving into one of actionable data, with organizations of all sizes searching for ways to capture, analyze and gain a competitive advantage on information the moment it enters the enterprise,” said John Mandile, Partner, Sigma Prime Ventures. “VoltDB has both best-in-class in-memory technology and the management team to empower organizations with the fast data-enabled applications required to compete in today’s data-driven economy.”
Data is fast before it is big, and as a result, the IoT has necessitated faster, real-time data analysis, intelligence and action. Fast data is generated by the massive flows of real-time data created by mobile devices, sensor networks, social media, machine-to-machine communications and connected devices. The value of fast data exists in the moment, and can be the difference between gaining or losing a customer, allowing unauthorized activity, or missing the opportunity to prevent a costly problem.
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“We are committed to building the fastest in-memory database platform – with the performance and scale to deliver streaming analytics with real-time operational data interaction,” said Bruce Reading, CEO and President, VoltDB. “VoltDB is the fast front end of today’s data pipeline. We provide organizations in financial services, telco, gaming, advertising and energy and utilities with the ability to analyze streams of data in motion and enable real-time decisions with millisecond latency.”
With the addition of this investment, VoltDB has raised a total of $31.3 million in funding. VoltDB’s recently released Version 5.4 of its in-memory, scale-out operational database is available for download at: http://voltdb.com/download/software.
(image credit: Rhys A)