Crate.io, developer of CrateDB, a provider of an open source SQL database, is receiving $11 million in series A funding, along with boosting the commercially-available Crate Machine Data Platform and version 3.0 of the open source CrateDB.
The new funding was led by Zetta Venture Partners and Deutsche Invest Equity with participation from Mike Chalfen, Momenta Partners, and Charlie Songhurst. Existing investors Draper Esprit, Vito Ventures and Solomon Hykes also participated in the round, which will be used to accelerate development and adoption of both the commercial and open source offerings.
“We are extremely pleased to have achieved several critical fiscal and technical milestones today, all of which reflect our steadfast commitment to meet the needs of our customers as they move into the next generation of machine data,” said Christian Lutz, CEO of Crate.io.
Based on its years of experience working with machine data innovators, Crate.io is introducing the Crate Machine Data Platform. The Crate Machine Data Platform helps companies put machine data to work even faster, by simplifying the time-consuming job of building and operating the data management “plumbing” that forms the foundation for IoT systems.
It gives commercial IoT platform companies and enterprises major advantages by eliminating the time and cost required to build data infrastructure from the ground up. The platform is a cloud-native stack available as a fully-managed offering on Microsoft Azure, or as an on-premises solution.
Additionally, updated CrateDB 3.0 includes updates such as:
- Enhanced security features including user administration and role-based access control
- Up to 100x faster query performance via hash joins, HyperLogLog and other new algorithms
- Support for virtual tables (SQL VIEWs) and sub-queries with Update and Delete statements
- Shard Visualizer to make database administration easier
- The Crate Machine Data Platform and CrateDB 3.0 are available immediately.
For more information about this news, visit https://crate.io/.