Real-time data company DataStax has secured US$115 million in funding led by the Growth Equity business within Goldman Sachs Asset Management, with participation from RCM Private Markets fund advised by Rokos Capital Management (US), Singapore-based global investor EDB Investments.
There were also DataStax’s existing investors, including Crosslink Capital, Meritech Capital Partners, OnePrime Capital, and others.
California-based DataStax will use the funding to accelerate the global expansion and development of its Astra DB multi-cloud database and its Astra Steaming streaming service, which are part of the company’s open data stack for building and running real-time applications on any cloud, at massive scale, anywhere in the world, with zero downtime.
“Today’s market leaders run their business with real-time data to create instant intelligence and drive actions,” said Holger Staude, managing director at Goldman Sachs. “That’s exactly what DataStax empowers companies to do.”
Astra DB simplifies cloud-native application development and delivers pay-as-you-go pricing with the freedom and agility of multi-cloud and open source.
Having fresh funding, DataStax will double down on the development of Astra DB, with new capabilities including additional integration with Astra Streaming to enable businesses to easily activate all their real-time data — both data “at rest” in a database and streaming data “in motion.”
“We see the transformative power of real-time applications across industries on a daily basis and among customers such as The Home Depot, Verizon, and Capital One,” said Chet Kapoor, Chairman and CEO of DataStax.
“What’s clear is that we’re only in the early stages of what’s possible with new data-driven experiences that will serve a wide range of human needs, create virtuous cycles between companies and their customers, and move markets,” said Kapoor.