Lightspeed Ventures, Wipro Ventures, others invest $48 mn in Yugabyte

US-based SQL database developer Yugabyte has raised a $48 million funding led by Lightspeed Venture Partners with additional participation by Greenspring Associates, Dell Technologies Capital, Wipro Ventures and 8VC. So far the company has raised $103 million, including a $30 million capital fund announced in June last year. 

The fresh funding will be used to expand Yugabyte’s R&D, sales and customer functions in the EMEA and APAC markets. The company is also planning to double its headcount this year. It is currently building out its engineering, development operations and support staff in India, Russia and Canada. To accelerate its development