Follow The Money: 21 Recent Tech VC Investments In February

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Splice Machine

Headquarters: San Francisco

CEO: Monte Zweben
New Funding: $15 million
Round: B
Backers: InterWest Partners, Mohr Davidow Ventures

Splice Machine says it offers the industry's only transactional real-time SQL-on-Hadoop database for dealing with big data. The company said it will use the new $15 million in funding to push forward product development and grow its team before it releases its beta offering this year. Right now, the product is in use by around 50 enterprises.

"For companies that want to leverage the cost and scaling advantages of Hadoop, they can finally replace traditional relational databases like MySQL, PostgreSQL and Oracle with Splice Machine because it is a real RDBMS on Hadoop," said Zweben. "We're confident that this next round of funding will enable us to revolutionize the Hadoop marketplace by powering real-time operational and analytical applications."

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