Splice Machine, which provides a database powered by Hadoop and Spark, has added $9 million in new funding to accelerate product, sales and marketing efforts, bringing the company’s total funding since its inception to approximately $31 million. Funding will come from existing investors, including Mohr Davidow Ventures, Interwest Partners, and Correlation Ventures.
The funding closely follow Splice Machine’s launch of version 2.0, which enables businesses to perform simultaneous OLAP and OLTP workloads, to support decision making in the moment, and increase performance over traditional RDBMSs, according to the company.
“The additional funding is a big vote of confidence in Splice Machine from our investors on our product and market traction,” said Monte Zweben, co-founder and CEO, Splice Machine. “We will use the funding to accelerate our growing customer traction, as more businesses discover how Splice Machine can power their next-generation applications that require fast decision making with real-time data.