DataStax

Investment Highlights

Company Overview

DataStax, Inc. is a data management company based in Santa Clara, California. DataStax is the company behind the massively scalable, highly available, cloud-native NoSQL database built on Apache Cassandra.Its product provides commercial support, software, and cloud database-as-a-service based on Apache Cassandra.

DataStax also provides event streaming support and a cloud service based on Apache Pulsar. As of January 2021, the company has roughly 500 customers distributed in over 50 countries

DataStax was built on the open source NoSQL database Apache Cassandra. Cassandra was initially developed internally at Facebook to handle large data sets across multiple servers, and was released as an Apache open source project in 2008. In 2010, Jonathan Ellis and Matt Pfeil left Rackspace, where they had worked with Cassandra, to launch Riptano in Austin, Texas. Ellis and Pfeil later renamed the company DataStax, and moved its headquarters to Santa Clara, California.

DataStax delivers the open, multi-cloud stack, purpose-built for modern data apps. DataStax helps organizations decrease total cost of ownership and accelerate their innovation speed. DataStax are huge believers in modern, cloud native technologies like Kubernetes; DataStax are making Cassandra ready for millions of developers through simple APIs; and DataStaxare committed to delivering the industry’s first and only open, multi-cloud serverless database: DataStax Astra DB.

The company went on to create its own proprietary version of Cassandra, a NoSQL database called DataStax Enterprise (DSE).Version 1.0, released in October 2011, was the first commercial distribution of the Cassandra database, designed to provide real-time application performance and heavy analytics on the same physical infrastructure. It grew to include advanced security controls, graph database models, operational analytics and advanced search capabilities.

Company Mission – Connect every developer in the world to the power of Apache Cassandra™, with the freedom to run their data on any device and in any cloud.

Financials

Total Funding (as of June 2021) – US$227.6M

Last funding round (May 2021) – US$37.6M (Venture Round)

Enterprise Value US$1.275B

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