Tuesday, June 12, 2018

Dell Technologies Backs Cloud Database Maker YugaByte

Dell Technologies Capital, the venture arm of Dell Technologies which launched out of stealth last year, is the lead investor in a Silicon Valley developer of cloud database software today. YugaByte, which develops cloud-based, distributed database software, has raised $16M in a funding round, the company announced on Tuesday. The funding was co-led by Dell Technologies Capital, and also included Lightspeed Venture Partners. YugaByte says its database works with both NoSQL and SQL. Kannan Muthukkaruppan is Co-Founder and CEO of YugaByte, and his co-founders are Karthik Ranganathan and Mikhail Bautin. All three worked on Facebook's NoSQL platform, according to the company. More information »