We’re happy to announce we’ve just raised $9 Million in a funding round led by Xeround’s current investors: Benchmark Capital, Giza Venture Capital, Ignition Partners and Trilogy Partnership.
This funding is yet another affirmation to the genuine need in the market and to the success of Xeround’s patented technology in simplifying the way databases are ran and managed in the cloud.
We’re very excited about this news and the vote of confidence from our investors, and are even more excited to think of all the great things we can do as we put this money to work!
Xeround was founded in 2005, originally offering distributed database systems for internal operations of mobile carriers. Less than 2 years ago we made the decision to focus our offering on the public cloud — and to repackage our telco-grade, highly available and scalable database for cloud users out there.
While this financing round is the 3rd in the history of the company, it is the first one under Xeround’s new mandate, supporting our cloud database offering – which makes it all the more important for us.
In the past year Xeround has grown tremendously. After launching commercially just last June, we already have hundreds of customers using our cloud database on Amazon EC2, Rackspace and Heroku.
This additional funding will power Xeround’s continued expansion to additional cloud platforms (PaaS) and cloud providers — bringing our always-on, super-elastic database-as-a-service to a cloud near you.
From our press release:
“Xeround has emerged as a leader in cloud-based data management and the company’s execution on product and services is impressive,” said Arad Naveh, Partner at Benchmark Capital. “Developers will continue to need scalable, zero maintenance solutions for managing their data in the cloud. Xeround is well-positioned with its unique patented technology to excel in the market.”
So stay tuned- great things are just around the corner!