ScyllaDB is an American company founded in December 2012 and headquartered in Sunnyvale, California. As a database vendor for data-intensive applications, ScyllaDB produces NoSQL databases compatible with Apache Cassandra and Amazon DynamoDB, with reliable low latency and 10x higher throughput. On October 17, 2023, the company successfully received US$43 million in financing. To date, ScyllaDB has raised $103 million in venture capital.
About ScyllaDB Corporation
The content of this article is based on the translation and compilation of the article published by Kyle Wiggers on the TechCrunch website. The following is the comments of NineData engineers: ：
- For the rapidly changing high-tech field, NoSQL is a technical term of the grandfather generation. ScyllaDB was founded more than 10 years ago. It still shows its vitality against MongoDB, Cassandra and DynamoDB. Its main advantages lie in its successful transformation to cloud native, streamlined team (168 people) and successful ecological construction.
- In a relatively sluggish market, as a database engine company, it has gained the favor of investors, which shows that investors have confidence in a high-quality team. Of course, we must also see the temporary difficulties of current database system companies. For example, MariaDB, which barely went public last year, fell from $10 to $0.60. Recently, there was news that its main Xpand team was disbanded, which is very sad. In addition, let me advertise. If there is a team recruiting database kernel engineers, I can directly recommend MariaDB senior developers. Xpand is a distributed OLTP database based on MySQL similar to domestic PolarDB/OceanBase/TiDB.
ScyllaDB raises $43 million in new round of financing
Investors seem to have a soft spot for databases.
On October 17, ScyllaDB announced that it had received $43 million in a round of financing . ScyllaDB provides databases for data-intensive applications that require high throughput and low latency. The lead investor is Eight Roads Ventures, and participating investors include AB Private Credit Investors, AllianceBernstein, TLV partners, Magma Ventures and Qualcomm Ventures.
According to co-founder and CEO Dor Laor, the new funding will be used to "accelerate" ScyllaDB's momentum and expand the size of its 168-person team.
"Today's disruptors are ingesting unprecedented amounts of data and leveraging it to deliver different user experiences, changing market landscapes and displacing traditional leaders," Laor said in an email interview with TechCrunch. "Data is being enriched through multiple sources, Cleaning, streaming, feeding into AI and machine learning processes, and copying and caching. So it’s more important than ever to have a database that’s up to the task.”
Introduction to ScyllaDB
ScyllaDB is known as a NoSQL database. Unlike the relational databases that once dominated the enterprise, ScyllaDB provides a data storage and retrieval mechanism that does not rely on the "table relational" model. In the table relational model, a relationship is a connection between two data tables. But with NoSQL databases, relationships don't have to follow this pattern, which provides greater engineering flexibility and, in some cases, improved performance
NoSQL databases are commonly used in applications such as advertising, artificial intelligence and machine learning, recommendation and personalization engines, fraud detection, and analyzing data from IoT devices.
According to a 2022 Ventana survey, nearly a quarter (22%) of enterprises are currently using NoSQL databases in production, while more than a third (34%) are planning to adopt NoSQL databases within two years or Evaluate its potential use. And the NoSQL market is expected to grow to the reported size.
Now, ScyllaDB isn't the only NoSQL vendor. Similar products include ArangoDB, Redis Labs, and Crate.io, to name a few, not to mention large vendors like MongoDB, Amazon's DynamoDB, and Couchbase.
But ScyllaDB claims that its technology has architectural advantages, such as being able to perform millions of operations per second with latency of "single digits of milliseconds." ScyllaDB can run on multiple cloud platforms, hybrid cloud environments or locally, and automatically adjusts I/O and CPU performance through workload priority, placing workloads under a single server cluster.
Clearly, these claims and capabilities are enough to attract customers. ScyllaDB says more than 400 companies, including Discord, Epic Games and Palo Alto Networks, are now using its database, and revenue has grown 800% since its launch in December 2012.
Laor said: "Across industries, R&D teams are increasingly realizing that ScyllaDB's differentiated database architecture provides better performance and horizontal scalability for data-intensive workloads. ScyllaDB is designed to help rapid growth, fast Cadence's team delivers lightning-fast user experiences at scale... ScyllaDB's unique architecture leverages modern cloud resources to deliver impressive efficiency and price/performance."
To date, ScyllaDB has raised $103 million in venture capital.
Original link: https://techcrunch.com/2023/10/17/scylladb-raises-43m-to-scale-its-nosql-database-platform/
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