Splice Machine has completed a $15M Series B round of funding. The investment is led by InterWest Partners, along with returning Series A investor Mohr Davidow Ventures (MDV).
According to the company, the investment will enable it to accelerate its product development and expand its sales and marketing team in preparation for its upcoming public beta offering later this quarter. Splice Machine received its first round of funding from MDV in October 2012. Since then, the company has tripled its staff, engaged with over 10 charter customers, received multiple accolades, and delivered a limited product release where more than 50 enterprises validated use cases, tested SQL coverage and benchmarked performance.
Splice Machine provides a transactional real-time SQL-on-Hadoop database for big data applications. According to the company, its database delivers significant increases in query performance and steep reductions in hardware and software costs for its charter customers.
“We’re confident that this next round of funding will enable us to revolutionize the Hadoop marketplace by powering real-time operational and analytical applications,” said Monte Zweben, co-founder and CEO, Splice Machine. According to the vendor, Splice Machine is a full-featured SQL database on Hadoop with real-time updates and ACID transactions. It provides application developers and database architects with the scalability of Hadoop and HBase, the ubiquity of SQL, and the transactional integrity of an RDBMS.
For more information on Splice Machine, visit www.splicemachine.com.