DataStax, Neo Bank on NoSQL, Investors Bank on Them
Demand for NoSQL database technologies is growing as companies are adapting to open-source, seeking an alternative to SQL that can handle the massive amounts of data they need to analyze. DataStax and Neo Technology are two of the firms competing in this crowded space, and both of them reached a significant milestone.
DataStax announced the first commercial distribution of the Apache Cassandra database it named DataStax Enterprise. The offering is a mix of Cassandra, Hadoop and DataStax’s OpsCenter tool, which was – until now – the only commercial offering the company had on the market.
Along with the introduction of DataStax Enterprise, the company revealed that it has raised $11 in a Series B funding round led by Crosslink Capital, with participation from existing investor Lightspeed Venture Partners.
Neo Technology is also a NoSQL company that offers Neo4j, a NoSQL Enterprise open-source database. And it, too, secured new capital. Neo raised $10.6 million in Series A funding from Fidelity Growth Partners Europe, as well as Sunstone Capital, Conor Venture Partners and Rod Johnson, the chief exec of SpringSource. Neo4j is designed for enterprise developers working with large data sets and databases that need to be scaled.
The NoSQL space is indeed a very crowded one, and a lot of startups are competing over contracts with companies such as Facebook. It got even more crowded this month after 10gen launched version 2.0 of MongoDB, one of the most popular NoSQL database offerings, and said it has raised $20 in funding. New investor Sequoia Capital and existing backers Flybridge Capital and Union Square Ventures participated in the round.
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