[Funding] DaaS Platform Yugabyte Raises $48 Million led by Lightspeed Venture Partners and others
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New Delhi, March 4 -- Database as a Service provider startup, Yugabyte has announced a $48 million funding round led by Lightspeed Venture Partners. Additionally, Greenspring Associates, Dell Technologies Capital, Wipro Ventures and 8VC also participated in the round. Previously, the company had raised $30 million in June 2020. This fundraise brings the total funding of Yugabyte to $103 million.
Yugabyte aims to use the funding to expand its R&D, sales and customer functions in the EMEA and APAC markets. Further, the company aims to hire people to support its aggressive expansion plans. It also aims to accelerate enterprise adoption of its commercial products. The company had also recently acquired Falarica.io to accelerate its developme...
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