TechDogs-"DataStax Secures $115 Million Investment Led by Goldman Sachs Asset Management"

Data Management

DataStax Secures $115 Million Investment Led by Goldman Sachs Asset Management

By Business Wire

Business Wire
Overall Rating

The company is doubling down on its groundbreaking multi-cloud serverless database that puts the world's data to work powering high-growth applications

SANTA CLARA, Calif.--(BUSINESS WIRE)--DataStax, the real-time data company, today announced that it has secured $115 million in funding led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), with participation from RCM Private Markets fund advised by Rokos Capital Management (US) LP, Singapore-based global investor, EDB Investments Pte. Ltd. and DataStax's existing investors including Crosslink Capital, Meritech Capital Partners, OnePrime Capital and other current investors. DataStax will use the funding to accelerate global expansion and development of its Astra DB multi-cloud database and its Astra Streaming streaming service, which are part of the company’s open data stack for building and running real-time applications on any cloud, at massive scale, anywhere in the world, with zero downtime.

"Today’s market leaders run their business with real-time data to create instant intelligence and drive actions,” said Holger Staude, Managing Director at Goldman Sachs. "That's exactly what DataStax empowers companies to do, and why we are excited to support the next generation of digital applications with our investment.”

The funding comes on the heels of strong first quarter company momentum driven by the growing popularity of Astra DB, which is built on the powerful open source Apache Cassandra™ database. Astra DB simplifies cloud-native application development and delivers pay-as-you-go pricing with the freedom and agility of multi-cloud and open source. With the new funding, DataStax will double down on development of Astra DB, with new capabilities including additional integration with Astra Streaming to enable businesses to easily activate all their real-time data — both data “at rest” in a database and streaming data “in motion.”

Here's another interesting article on Top 5 Data Warehouse Software Of 2021

"We see the transformative power of real-time applications across industries on a daily basis and among customers such as The Home Depot, Verizon, and Capital One," said Chet Kapoor, chairman and CEO of DataStax. "What's clear is that we're only in the early stages of what's possible with new data-driven experiences that will serve a wide range of human needs, create virtuous cycles between companies and their customers, and move markets. We appreciate that our investors believe in our vision — even in this economy, we were able to raise significant capital at a substantial premium over the round we completed just a year ago."

About DataStax

DataStax is the real-time data company. With DataStax, any enterprise can mobilize real-time data and quickly build the smart, highly scalable applications required to be a data-driven business. With Astra DB and Astra Streaming, DataStax uniquely delivers the power of Apache Cassandra™—the world’s most scalable database—with the advanced Apache Pulsar™ streaming technology in an open data stack, available on any cloud. Hundreds of the world’s leading enterprises, including Verizon, Audi, ESL Gaming and many more rely on DataStax to unleash the power of real-time data to create the in-the-moment digital experiences that can win new markets and change industries. Learn more at DataStax.com.

© 2022 DataStax, All Rights Reserved. DataStax is a registered trademark of DataStax, Inc. and its subsidiaries in the United States and/or other countries.

Apache, Apache Cassandra, Cassandra, Apache Pulsar, Pulsar and Apache Kafka are either registered trademarks or trademarks of the Apache Software Foundation or its subsidiaries in Canada, the United States, and/or other countries.


Contacts

Jackie Dickson
jackie.dickson@teamlewis.com
(203) 644-2895

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First published on Wed, Jun 15, 2022

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DataStax Goldman Sachs Asset Management Astra DB Multi-Cloud Database Astra Streaming

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