Open-source relational database startup Yugabyte Inc. said today it has raised $48 million in new funding to accelerate the launch of its fully managed Yugabyte Cloud offering.

The Series C round was led by Lightspeed Venture Partners and included Greenspring Associates, Dell Technologies Capital, Wipro Ventures and 8VC. Including the new funding, Yugabyte has raised $103 million to date.

Founded in 2016, Yugabyte’s main offering is YugabyteDB, a high-performance distributed structured query language database for building global, internet-scale applications. The company’s database  is built using a combination of high-performance document store, auto-sharding, per-shard distributed consensus replication and multishard atomicity, consistency, isolation and durability transactions.

Yugabyte platform is designed to offer relational database management systems and internet-scale online transaction processing workloads with low query latency, extreme resilience against failures and global data distribution. Since it’s cloud-native, the offering can be deployed across public and private clouds as well as in Kubernetes environments. Notably, YugabyteDB is fully open-source under the Apache 2.0 license.

As noted when they last took funding in June 2020, the best thing about Yugabyte’s database software is that it delivers both SQL and NoSQL capabilities, which means it can work with both structured and unstructured data. That makes it possible for companies to standardize on a single, distributed database that can support a wide array of workloads, speeding up application development times while reducing complexity.

It’s at the point in March 2021 that if you can find an internet company that hasn’t thrived thanks to the COVID-19 pandemic, that could be more notable than one that has. Yugabyte has thrived as well thanks to the shift to remote working caused by coronavirus.

“As more users go online and stay online, it also means more data is being generated and accessed as a result,” Yugabyte Chief Executive Officer Bill Cook said in a blog post. “These applications and the data they rely on have to be always on, delivered with low latencies, and geo-distributed. And with companies accelerating their digital transformation initiatives, technologies that help them accelerate, like YugabyteDB, are in high demand.”

Yugabyte clients include Admiral Group plc, Manetu Inc., Hudson River Trading Inc., Xignite Inc., Ciphertrace Inc. and Plume Design Inc.

Image: Yugabyte