ScaleBase, a Newton, Mass.-based startup that helps companies keep fast-scaling databases up-and-running, today announced that it has landed $10.5 million in series B funding, led by Bain Capital Ventures and Ascent Venture Partners, with participation from its existing investor, Cedar Fund. Having raised $4 million from Cedar in 2010, the investment brings the startup’s total funding to just under $15 million.
As scores of new web and mobile apps launch every day, increasingly companies are finding themselves working overtime to manage the intense processing requirements of big data and struggling to preserve up-time. For this reason, ScaleBase sees a big market opportunity for any company offering uninterrupted database performance solutions.
Being able to deliver realtime scalability obviously can have a big effect on application performance and has the benefit of reducing over-provisioning, which has the tendency to eat holes in the company coffers.
While it’s an auspicious problem for a company to have, exploding user bases and, in turn, significant increases in data production require companies to move fast to scale their databases. Naturally, processing these transactions can be stressful and ridiculously challenging depending on infrastructure and available resources.
More established players had to create ad hoc, internal solutions to solve these problems, but not every company is fortunate to have the available capital that scaling demands. That’s where ScaleBase comes in. As one might expect, high-growth and increasingly active spaces like online gaming and digital media represent big market opportunities for the company.
To read the rest of the article, click here.