We are excited to announce that Yugabyte has closed $188 million in oversubscribed Series C funding. Sapphire Ventures led the round with participation from Alkeon Capital, Meritech Capital, and Wells Fargo Strategic Capital, as well as existing investors Lightspeed Venture Partners, 8VC, Dell Technologies Capital, Wipro Ventures, and others. This round comes seven months after our previous round in March 2021,
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We are excited to announce that Yugabyte has closed a $48M funding round led by Lightspeed Venture Partners with additional participation by Greenspring Associates, Dell Technologies Capital, Wipro Ventures, and 8VC. This comes on the heels of a $30M raise announced in June 2020, bringing the total funding currently raised to $103M. This additional funding will be used to accelerate the launch of the fully managed Yugabyte Cloud offering in addition to growing the R&D,
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I am incredibly proud and honored to be taking on a new role as CEO of Yugabyte. When I started talking with Yugabyte’s founders, Karthik, Kannan and Mikhail, about joining the Yugabyte executive team, I was hooked. I immediately felt a strong alignment between my experiences and goals, and the opportunities ahead at Yugabyte. A lot goes into finding the right role at the right time, but three things in particular really stood out and inspired me to join Yugabyte.
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