Big Data Startup Clustrix Raises $6.75 Million From Sequoia And Others To Build Scalable Databases

Big data is becoming big business. Pretty much everyone is chasing after the opportunity to take a shit-ton of unstructured data, and well, structure it. That means taking huge databases and making them searchable. Which is exactly the business that Clustrix is in. The company was founded in 2005 and about two years ago, it launched a proprietary database appliance that provides SQL database functionality at like, limitless scale. Now with its product mature and the market wide open, Clustrix has raised $6.75 million from existing investors Sequoia Capital, USVP, and ATA Ventures. Robin Purohit, who took over as president and CEO of the company last October, tells me that it's a round of convertible debt being used as a bridge to an upcoming Series C round.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/1eZrHNHP704/

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