Splice Machine, a provider of a Hadoop RDBMS, has added a $3 million extension to its Series B financing. Venture capital firm Correlation Ventures, along with database industry leaders Roger J. Sippl and Roger Bamford, provided the additional investment. Sippl was the founder, chairman and CEO of Informix, a database provider acquired by IBM in 2001. Bamford, who joined Oracle in 1983, was one of the founding members of that company’s database team.
The funding adds to the initial $15 million Series B investment from Interwest Partners and Mohr Davidow Ventures (MDV), bringing the total round to $18 million.
According to the company, since Splice Machine received its first round of funding from MDV in October 2012, it not only closed the $15 million Series B round, but also tripled its staff, engaged with 15 charter customers, and announced its public beta launch that includes a free download of the database. Splice Machine’s charter customers come from a variety of industries that are looking to take advantage of its scale-out SQL technology.
"With the recent $3 million extension to our Series B financing round, Splice Machine is accelerating its investments in our sales, marketing and customer service teams,” said Monte Zweben, CEO and co-founder of Splice Machine.
For more information, go to www.splicemachine.com.