Big Data Startup DataStax Raises $45 Million In VC Funding
There's been a lot of venture capital thrown at big data startups this year. But everyone sat up and took notice this week when DataStax, developer of the open-source Cassandra NoSQL database, said it raised $45 million in fourth-round funding.
DataStax markets its database as a next-generation alternative to relational database products from Oracle, Microsoft and other vendors. The company touts DataStax Enterprise, its commercial edition of the open-source software, as more scalable than relational technology and better able to handle the data processing and storage demands of big data.
DataStax, which is positioning itself for an IPO in the not-too-distant future, has raised $84 million in funding overall.