ScaleArc raises $12.3 mn in Series C funding

Round led by Accel Ventures with participation from existing investors including Trinity Ventures, Nexus Ventures

ScaleArc,  the database infrastructure software management company, today announced that it raised $12.3 million (Rs 67 crore approximately) in Series C funding from leading venture capital firms. The round was led by Accel Ventures with participation from existing investors including Trinity Ventures and Nexus Ventures, from whom ScaleArc had previously raised $5.33 million (Rs 29 crore approximately) in 2011.

"We at ScaleArc are in a unique place in the Big Data ecosystem, as we're the only company that can offer a true next generation database infrastructure platform for applications that use a wide variety of databases such as MySQL, Oracle or Microsoft SQL Server. We are excited to have Accel as an investor, as they truly understand the Big Data space and add strong value to our business," said Varun Singh, Founder & CEO of ScaleArc.

 

The new funding will be used primarily to invest in sales and marketing to fuel ScaleArc's global expansion in the multi-billion dollar Big Data market, as well as to maintain aggressive development of its product roadmap. ScaleArc iDB is a software that inserts transparently between applications and databases, requiring no modifications to applications or databases to deploy. Existing customers include Demand Media, Disney UTV, KIXEYE, Sazze (dealspl.us), Flipkart, Weather Decision Technologies and others.
 
Sameer Gandhi, General Partner at Accel Partners. "We continue to be impressed with the company's innovative approach to solving a key Big Data problem, as well as its significant customer traction with well-documented ROIs. We look forward to working with them as they continue their global expansion."