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This Just In…Splice Machine Raises $15M Series B

February 10, 2014
$15M series b

We’ve got great news! Splice Machine just closed a $15M Series B round of funding from InterWest Partners, along with returning Series A investor Mohr Davidow Ventures.

It’s a proud moment for everyone here at Splice Machine, as this next round of funding validates our goal of revolutionizing the database and Hadoop marketplaces. Our product will power a new generation of Big Data applications that can harness real-time data in operational and analytical workloads and finally move Hadoop beyond batch processing.

So just what will we use this new funding for?

We will accelerate product development, as we approach the imminent launch of our public beta offering. We will expand our sales and marketing team to increase awareness and adoption of our product at enterprises across the country. We will continue to support our charter customers, working side by side with them as we deliver significant improvements in query performance and steep reductions in hardware and software costs over the first generation databases we are replacing with transactional SQL-on-Hadoop.

I’m so proud of all of the hard work and dedication that the team has put in over the last two years and so optimisitic about our future as we embark upon the next stage of our journey.

Here’s to a fantastic start to 2014!

Monte