In Case You Missed It: Splice Machine Adds 3 Million to Series B Financing
August 13, 2014
Last week, we announced a $3M extension to our Series B financing. The funding indicates strong support in the market for an RDBMS with affordable scale-out that can replace traditional databases experiencing cost or scale issues. The investment expands the initial $15 million Series B investment from Interwest Partners and Mohr Davidow Ventures (MDV), bringing the total round to $18M, and our total funding to date to $22M.
Our Series B extension funding came from Correlation Ventures, along with prominent database industry luminaries Roger J. Sippl and Roger Bamford. Roger J. Sippl was the Founder, Chairman and CEO of Informix Corp (until IBM acquired it in 2001). Roger Bamford was one of the founding members of Oracle’s database team and is known as the founding father of Oracle Real Application Clusters (RAC) and Oracle’s grid products.
We are thrilled to have the backing and attention of respected database experts like Bamford and Sippl. This is just the beginning of our growth; the additional investment will accelerate our product development and allow us to build out our sales and marketing teams to increase adoption of our Hadoop RDMBS.
A lot has happened since we began back in October 2012. We can’t wait to show you what’s to come in 2014 and beyond.
View the full Series B extension press release here.