Yugabyte raises $30 mn led by 8VC

Yugabyte, a supplier of open source distributed SQL databases, has raised $30 million in an oversubscribed Series B round — led by 8VC.
Yugabyte teamThe round also received participation from investor Wipro Ventures and existing investors Lightspeed Venture Partners and Dell Technologies Capital.

Yugabyte raised $55 million to date.

Yugabyte said its products include Yugabyte Platform, a self-managed private database-as-a-service offering available on any public, private, or hybrid cloud or Kubernetes infrastructure and Yugabyte Cloud, a managed database service currently available on AWS and Google Cloud.

“We built YugabyteDB from the ground up to meet the untapped cloud native database demand from small and large enterprises alike,” said Kannan Muthukkaruppan, co-founder and president of Yugabyte.

Yugabyte’s customer base includes Kroger, Narvar, Plume, Admiral and Xignite, among others.