Yugabyte announced today that it has raised $ 188 million in Series C funding to advance its go-to-market and database development efforts.

The new funding marks the second time this year that the in Sunnyvale, California-based distributed SQL database provider has raised funds.

In March, Yugabyte announced it had raised $ 48 million in a Series B-1 round. This was followed by the vendor’s $ 30 million B-Round in 2020, which accompanied the appointment of new CEO Bill Cook.

Yugabyte’s open source database offers API compatibility with both Apache Cassandra – as well as with the PostgreSQL database. Yugabyte offers both local and cloud-managed offerings for its YugabyteDB database.

According to Gartner analyst Merv Adrian, the market for distributed transactional database management systems is an area of ​​increasing interest for many companies.

Because distributed databases allow transactions to be carried out on each of the distributed nodes of a database instance without loss of data integrity, they are popular with large, multinational companies that spend a lot of money on IT.

“Yugabyte is one of several providers that approach this use case aggressively, and their move to the cloud and microservices helps both differentiate and target a hot marketplace, “said Adrian.

He added that Yugabyte gave its customers a choice between fully managed and self-managed deployments, which enables the vendor to have different development and operating costs Addressing lturen and increasing its attractiveness.

“The new financing shows that they are being used where it matters, and the opportunity to intensify both development and sales will help them expand their position and to compete in a fast-growing segment, “said Adrian.

The open source database YugabyteDB was updated several times over the course of 2021, adding new features.

In February, YugabyteDB 2.4 was released, which has improved data query optimization and Apache Spark 3.0 support. In May, the vendor made YugabyteDB 2.7 generally available and introduced support for PostgreSQL tablespaces to allow more scalability for data operations.

Yugabyte co-founder and CTO Karthik Ranganathan stated that YugabyteDB’s tablespace support is the concept for distributed Extended SQL.

He found that with tablespaces, a database administrator can usually specify which local storage device to use to store a table. With YugabyteDB, administrators can now, according to Ranganthan, store tablespaces across different regions in a distributed cluster.

YugabyteDB 2.9 was released in August. The update introduced a new Smart Client driver for SQL that enables application developers to build applications that can use a distributed SQL database.

Ranganthan explained that the SQL fundamental driver is designed with a single database node As a result, developers had to write complex code in order for applications to properly use a distributed cluster. With the new smart client driver, according to Ranganthan, applications can now recognize and use all nodes in a distributed database.

YugabyteDB 2.11 is currently under development and should be released sometime in November to add new performance and optimization functions said the vendor.

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