DataStax has raised significant capital across multiple funding rounds, with backing from leading firms such as Goldman Sachs Asset Management and Crosslink Capital. The company provides AI and NoSQL database solutions that enable enterprises to manage, analyze, and operationalize data at scale.
What Is DataStax and What Does It Do?
DataStax, founded in 2010 by Jonathan Ellis and Matt Pfeil, is headquartered in Santa Clara, California. The company specializes in AI-powered database and data management solutions, including its Astra DB and Astra Streaming services. DataStax helps organizations optimize real-time data access, analytics, and AI-driven operations.
With a team of over 500 employees, it serves enterprises worldwide across industries such as fintech, e-commerce, and IoT.
How Much Funding Has DataStax Raised?
1. Series A
- Amount Raised: $2.7M
- Date: October 2010
- Lead Investors: Not publicly disclosed
- Motivation: To scale the team and accelerate product development.
2. Series B
- Amount Raised: $11M
- Date: September 2011
- Lead Investors: Crosslink Capital
- Motivation: To expand market reach and enhance product features.
3. Series C
- Amount Raised: $25M
- Date: October 2012
- Lead Investors: Meritech Capital Partners
- Motivation: To support rapid growth and customer acquisition.
4. Series D
- Amount Raised: $45.3M
- Date: July 2013
- Lead Investors: Scale Venture Partners
- Motivation: To further scale operations and enter new markets.
5. Series E
- Amount Raised: $106M
- Date: September 2014
- Lead Investors: Kleiner Perkins
- Motivation: To enhance product offerings and expand globally.
6. Series F
- Amount Raised: $37.6M
- Date: May 2021
- Lead Investors: GS Growth
- Motivation: To support the development of new products and services.
6. Venture Round
- Amount Raised: $115M
- Date: June 2022
- Lead Investors: GS Growth
- Motivation: To accelerate global expansion and enhance product capabilities.
Total Funding Raised: $305 Million
Current Valuation: $1.6 Billion (as of June 2022)
Latest Funding Date: June 2022
Key Investors
1. Goldman Sachs Asset Management
- Details: Leading global investment management firm providing investment and advisory services to institutional and individual clients worldwide.
- Investment Focus Areas: Growth equity, technology, and financial services.
- Notable Investments: Uber, Spotify, Airbnb.
2. Crosslink Capital
- Details: Venture capital and private equity firm investing in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Pandora, Ancestry.com, Coupa.
3. Meritech Capital Partners
- Details: Venture capital firm specializing in late-stage investments.
- Investment Focus Areas: Late-stage technology, software, and internet.
- Notable Investments: Facebook, Salesforce, Snowflake.
4. EDB Investments Pte. Ltd.
- Details: Investment arm of the Singapore Economic Development Board, focusing on strategic investments to drive economic development.
- Investment Focus Areas: Strategic investments, technology, innovation.
- Notable Investments: Grab, Sea Group.
Where Is DataStax’s Headquarters?
DataStax is headquartered in Santa Clara, California, providing access to a central tech hub with proximity to innovation centers, enterprise clients, and investment networks.
What’s Next for DataStax?
DataStax is positioned to capitalize on the rising demand for real-time data solutions with its Astra DB and Astra Streaming services. The recent $115M investment led by Goldman Sachs underscores the company’s strategy for global expansion, particularly in the Asia-Pacific market.
Future opportunities include enhancing AI capabilities, supporting high-growth industries like e-commerce and IoT, and potentially attracting additional funding to accelerate product development and market penetration.
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