ScaleArc said it raised $20 million in a Series C-1 round led by Bain Capital Ventures and joined by existing investors Accel Partners, Trinity Ventures, and Nexus Ventures. The new money will be used to fund company growth, which includes expanding staff and undertaking sales and marketing initiatives.
ScaleArc Announces $20 Million Investment from Bain Capital Ventures
The Series C-1 growth round enables ScaleArc to invest in sales and marketing activities to capitalize on the market opportunity for enabling zero downtime in a database environment
January 19, 2016 – Santa Clara, Calif. – ScaleArc, the leading provider of database load balancing software, announced it has completed a $20 million Series C-1 financing round. Led by Bain Capital Ventures, the investment will be used to fund company growth, including increased hiring as well as sales and marketing initiatives. ScaleArc’s existing investors – Accel Partners, Trinity Ventures, and Nexus Ventures – also participated in the round.
ScaleArc enables companies to deliver zero downtime for apps in a database environment. ScaleArc’s software drops in transparently between apps and database, providing an abstraction layer that shields apps from database failures, simplifies scale out, and increases app performance. The ScaleArc software also simplifies the process of moving enterprise workloads into the cloud. ScaleArc enables enterprises running SQL Server, MySQL, and Oracle to maintain seamless application uptime, despite outages at the database tier, avoiding both planned and unplanned downtime. The company has enjoyed recognition from Gartner as a Cool Vendor and for delivering technology key to enabling IT Service Continuity.
The additional funding will help ScaleArc grow its global operations, and is a testimony to the enterprise customer traction that ScaleArc has experienced in the last year. ScaleArc supports critical apps for Dell, Vitacost (a division of Kroger), Axcess Financial, snapdeal, Zos Communications (running on the Amazon cloud) and Stitch Labs.
“We’re investing to fuel ScaleArc’s continued growth and expansion,” said Salil Deshpande, Managing Director at Bain Capital. “Data access layers that break the 1:1 tie between applications and databases have been a best-practice for years. But a completely transparent network-level proxy that improves performance, uptime, scale, and resilience for multiple SQL databases is really hard to build. ScaleArc has done it.”
“We’re proud of our progress in establishing a new architecture for application uptime,” said Justin Barney, CEO of ScaleArc. “Recognition by a firm as esteemed as Bain Capital affirms the product category we’re building, and this investment positions us to accelerate our ability to make enterprises more resilient, adaptive, and responsive.”
ScaleArc is the leading provider of database load balancing software that provides continuous availability for all applications. The ScaleArc software enables an agile data tier, enhancing database performance, scalability, and security while providing new levels of real-time visibility for application environments, whether on premise or in the cloud. Learn more about ScaleArc, its customers, and partners at www.ScaleArc.com.
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