Nexus Venture Partners and Trinity Ventures Invest $5.3mn in ScaleArc
Mumbai and Silicon Valley based database infrastructure software maker, ScaleArc, founded by Varun Singh, has secured $5.33 million in its second round of institutional funding, which was led by Trinity Ventures, with earlier backer Nexus Venture Partners participating. The new funds will accelerate geographic and staffing expansion to meet increased demand. Trinity Ventures led the funding round with full participation of the company’s original investor, Nexus Venture Partners
In addition, ScaleArc announced the appointment of Justin Barney, who previously ran sales divisions at companies like Citrix and Juniper Networks, as president and COO.
ScaleArc’s iDB software, which is available for MySQL, SQL Server, Oracle and Postgres database environments, offers real-time query analytics and control, instant horizontal scaling, caching, dynamic load balancing and more, all without any changes to existing applications or databases.
With exponentially growing data and increasing transaction rates, organizations face substantial cost and complexity in scaling their database architecture in a cost-effective manner while increasing performance, visibility and uptime. The ScaleArc iDB software provides a wide spectrum of capabilities: real-time query-analytics and control, instant horizontal scaling for capacity growth or high availability, one-click query caching, automated sharding, dynamic load balancing, enforcement of security policies, and much more, allwithout any changes to existing applications or databases.It is the only solution that reduces overall CapEx and OpExcosts by up to 50% and delivers instant performance improvements of 6x-24x with no disruptions to existing environments.
Started by Varun Singh (ex-CTO of Web18), ScaleArc’s customers cover a wide range of industries including eCommerce, web 2.0 / SaaS, online gaming, digital media companies, service providers, and enterprises.http://www.nextbigwhat.com/scalearc-funding-297/http://www.nextbigwhat.com/wp-content/uploads/2011/12/scalearc_logo_thumb.jpghttp://www.nextbigwhat.com/wp-content/uploads/2011/12/scalearc_logo_thumb.jpgDeal Flow,funding