YugabyteDB is a leading open-source cloud-native database designed to simplify and unify modern data infrastructure. The platform provides the flexibility of both SQL and NoSQL, offering distributed transactions, high availability, and global scalability for enterprise applications. By combining ACID guarantees with multi-region capabilities, YugabyteDB helps organizations build resilient, high-performance cloud applications that scale seamlessly across regions and platforms.
What Is YugabyteDB and What Does It Do?
YugabyteDB, founded in 2016 by Karthik Ranganathan, Kannan Muthukkaruppan, and Mikhail Bautin, is a Sunnyvale-based (United States) open-source and database technology company.
The company develops a cloud-native transactional database that combines SQL and NoSQL capabilities in a unified system. YugabyteDB employs around 100 people.
Its database engine supports distributed ACID transactions, document-based storage, multiple consistency levels, and multi-region deployments with optional read replicas. YugabyteDB is built for modern enterprises seeking scalable, fault-tolerant data infrastructure for mission-critical applications in the cloud.
How Much Funding Has YugabyteDB Raised?
1. Series B
- Amount Raised: $30 Million
- Date: June 9, 2020
- Lead Investors: 8VC, Lightspeed Venture Partners, Dell Technologies Capital, Wipro Ventures
- Motivation: To expand engineering capabilities and enhance database performance for large-scale deployments.
2. Series C (Round 1)
- Amount Raised: $48 Million
- Date: March 2021
- Lead Investors: Lightspeed Venture Partners, Greenspring Associates, Dell Technologies Capital, 8VC, Wipro Ventures
- Motivation: To accelerate global expansion and invest in cloud database innovation.
3. Series C (Round 2)
- Amount Raised: $188 Million
- Date: September 2021
- Lead Investors: Sapphire Ventures, Alkeon Capital Management, Wells Fargo, Meritech, Lightspeed Venture Partners, Dell Technologies Capital, Wipro Ventures, 8VC
- Motivation: To scale product development, enhance go-to-market operations, and strengthen enterprise offerings.
Total Funding Raised: $291 Million
Current Valuation: $1.3 Billion (as of October 2021)
Latest Funding Date: September 2021
Key Investors
- Lightspeed Venture Partners
- Details: A global VC firm that backs high-growth enterprise and cloud infrastructure startups.
- Investment Focus Areas: SaaS, Enterprise Software, Cloud Infrastructure
- Notable Investments: Nutanix, Rubrik, ThoughtSpot
- Meritech Capital Partners
- Details: A growth-stage investment firm supporting leading technology companies with proven scalability.
- Investment Focus Areas: Cloud, SaaS, Fintech
- Notable Investments: Snowflake, Datadog, Roblox
- Sapphire Ventures
- Details: A VC firm investing in category-leading B2B software companies worldwide.
- Investment Focus Areas: Cloud Infrastructure, Enterprise SaaS, AI
- Notable Investments: Square, Sumo Logic, MuleSoft
- 8VC
- Details: A technology-focused venture capital firm emphasizing data infrastructure and enterprise innovation.
- Investment Focus Areas: Data, Fintech, Healthcare
- Notable Investments: Palantir, Blend, Asana
- Dell Technologies Capital
- Details: The venture arm of Dell Technologies, investing in early-stage enterprise tech innovators.
- Investment Focus Areas: Cloud, Edge Computing, Cybersecurity
- Notable Investments: Graphcore, MinIO, Fivetran
Where Is YugabyteDB’s Headquarters?
YugabyteDB’s headquarters is located in Sunnyvale, California, United States, at the heart of Silicon Valley. This prime location gives the company access to world-class cloud computing talent, major enterprise clients, and leading technology investors, all of which contribute to YugabyteDB’s rapid innovation in distributed database solutions.
What’s Next for YugabyteDB?
YugabyteDB is focused on deepening its enterprise adoption by enhancing support for multi-cloud, hybrid, and edge deployments. The company aims to expand its global engineering presence, strengthen its ecosystem of open-source contributors, and introduce new features for AI-driven data management. With continued investor support and growing demand for scalable transactional databases, YugabyteDB is positioning itself as a cornerstone of the next-generation cloud data infrastructure landscape.
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