Total amount raised
$342.6 Millions
Latest funding date
Location
Title
DataStax has successfully raised significant funding over multiple rounds, positioning itself as a key player in the AI and NoSQL data solutions market. The company's platform offers integrated AI development tools, a low-code visual IDE, and a near-zero latency NoSQL database powered by Apache Cassandra.
Keep reading to explore the intricacies of DataStax's fundraising journey and the investors backing this innovative platform.
What Is DataStax?
DataStax, founded in 2010, is a company specializing in AI and NoSQL database solutions. Based in Santa Clara, California, it was established by Jonathan Ellis and Matt Pfeil. The company employs over 500 people, focusing on providing integrated platforms for AI development and data management.
How Much Funding Has DataStax Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: April 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core technology and establish the company.
- Series A
- Amount Raised: $2.7M
- Date: October 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team and accelerate product development.
- Series B
- Amount Raised: $11M
- Date: September 2011
- Lead Investors: Crosslink Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product features.
- Series C
- Amount Raised: $25M
- Date: October 2012
- Lead Investors: Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and customer acquisition.
- Series D
- Amount Raised: $45.3M
- Date: July 2013
- Lead Investors: Scale Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enter new markets.
- Series E
- Amount Raised: $106M
- Date: September 2014
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand globally.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: February 2014
- Lead Investors: Akkadian Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: September 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series F
- Amount Raised: $37.6M
- Date: May 2021
- Lead Investors: GS Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of new products and services.
- Venture Round
- Amount Raised: $115M
- Date: June 2022
- Lead Investors: GS Growth
- Valuation at Round: $1.6B
- Motivation Behind the Round: To accelerate global expansion and enhance product capabilities.
Total Amount Raised: $342.6M. Current Valuation: $1.6B.
Key Investors
- Goldman Sachs Asset Management
- Details: Goldman Sachs Asset Management is a leading global investment management firm providing investment and advisory services to institutional and individual clients worldwide. They have a strong focus on growth equity investments.
- Investment Focus Areas: Growth equity, technology, financial services.
- Notable Investments: Uber, Spotify, Airbnb.
- Crosslink Capital
- Details: Crosslink Capital is a venture capital and private equity firm that invests in early-stage and growth-stage companies. They have a history of supporting innovative technology and consumer companies.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Pandora, Ancestry.com, Coupa.
- Meritech Capital Partners
- Details: Meritech Capital Partners is a venture capital firm specializing in late-stage investments. They focus on high-growth technology companies.
- Investment Focus Areas: Late-stage technology, software, internet.
- Notable Investments: Facebook, Salesforce, Snowflake.
- EDB Investments Pte. Ltd.
- Details: EDB Investments is the investment arm of the Singapore Economic Development Board, focusing on strategic investments to drive economic development in Singapore.
- Investment Focus Areas: Strategic investments, technology, innovation.
- Notable Investments: Grab, Sea Group.
- RCM Private Markets fund advised by Rokos Capital Management
- Details: RCM Private Markets is a fund advised by Rokos Capital Management, a global macro hedge fund. They focus on private market investments.
- Investment Focus Areas: Private markets, macroeconomic trends, strategic investments.
- Notable Investments: Not publicly disclosed.
What's Next for DataStax?
DataStax is poised to capitalize on the growing demand for real-time data solutions, particularly with its Astra DB and Astra Streaming services. The recent $115 million investment led by Goldman Sachs underscores the significant opportunities available, especially in expanding into the Asia-Pacific market. The company’s focus on integrating real-time data capabilities positions it well to serve high-growth industries like e-commerce and IoT.
Future fundraising opportunities seem promising, given the strong market position and the increasing importance of real-time data. The successful recent funding round at a substantial premium suggests that DataStax could continue to attract investment to support its global expansion and product development.
However, challenges remain. Competition from other cloud-based database solutions and economic uncertainties could impact future growth. Additionally, maintaining innovation and seamless integration of new capabilities will be crucial as DataStax navigates the rapidly evolving tech landscape.
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