DataStax, the database company based on the open-source Cassandra system, has secured $115 million in funding for a $1.6 billion valuation.
Led by the Growth Equity business within Goldman Sachs and backed by RCM Private Markets and EDB Investments, the latest round follows a strong first quarter based on the popularity of DataStax's Cassandra DBaaS Astra DB. Existing investors include Crosslink Capital, Meritech Capital Partners, OnePrime Capital, and others.
Cassandra is a distributed, wide-column store database suited to real-time use cases such as e-commerce and inventory management, personalization and recommendations, Internet of Things-related applications, and fraud detection. It is freely available on the Apache Version 2 license, although DataStax offers managed service Astra on a subscription model.