As we scale Yugabyte for growth, we know that our entire company needs to be firmly anchored to a strong set of principles. These principles should act as a guiding light for every decision we make and should also define our company culture. After many discussions and analysis, a core theme appeared—transparency.
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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