Big data startup Splice Machine announced that it has secured $15 million in a financing round led by Interwest Partners. Existing investor Mohr Davidow Ventures also contributed to the funding, according to VentureBeat.
The Series B round brings Splice Machine's total raised capital to $19 million. Founded in 2012, the San Francisco-based startup has also raised $4 million in another round from October 2012, the report detailed.
Splice Machine has made a database that makes the Hadoop file system run in real time. The system can hold very large volumes of data. Like other firms, Splice Machine allows analysts to check data with commands from the SQL query language. Its big difference is that Splice Machine is a transactional database than can undo any transaction in the event that a problem comes up, the report explained.
Right now, Splice Machine's database is not yet available for the public. According to chief executive and cofounder Monte Zweben, the firm has a private beta that has 10 to 20 users, but they will release a public beta soon. The startup will use the new funding for its sales, marketing, and product development efforts, VentureBeat reported.
Join the Conversation