Splice Machine Secures $9 million in Additional Funding
Funding will come from existing investors, including Mohr Davidow Ventures (MDV), Interwest Partners and Correlation Ventures.
The San Francisco-based vendor provides a relational database management system (RDBMS) powered by Hadoop and Apache Spark.
It plans to use the capital ─ which comes from its original investors, including Mohr Davidow Ventures (MDV), Interwest Partners and Correlation Ventures ─ to accelerate product, sales and marketing efforts, according to a release.
In November, Splice Machine went live with version 2.0 of its platform. Enhancements included the ability for businesses to perform simultaneous OLAP (online analytical processing) and OLTP (online transaction processing) workloads, which allows them "to make decisions in the moment, and increase performance over traditional RDBMS, such as Oracle and MySQL, by 10-20 times at one-fourth the cost," according to the vendor.
"We will use the funding to accelerate our growing customer traction, as more businesses discover how Splice Machine can power their next-generation applications that require fast decision making with real-time data," said Monte Zweben, co-founder and CEO of Splice Machine, in a release.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
IPC’s C-suite shuffle signals bigger changes for trader voice tech
Waters Wrap: After a series of personnel changes at the legacy provider, WatersTechnology examines what these moves might mean for the future of turrets and trader voice.
WatersTechnology latest edition
Check out our latest edition, plus more than 12 years of our best content.
From no chance to no brainer: Inside outsourced trading’s buy-side charm offensive
Previously regarded with hesitancy and suspicion by the buy side, four asset managers explain their reasons for embracing outsourced trading.
Band-aids vs build-outs: Best practices for exchange software migrations
Heetesh Rawal writes that legacy exchange systems are under pressure to scale to support new asset classes and greater volumes, leaving exchange operators with a stark choice: patch up outdated systems and hope for the best or embark on risky but rewarding replacement projects.
Portfolio trading vs RFQ: Understanding transaction costs in US investment-grade bonds
The MarketAxess research team explores how such factors as order size, liquidity profiles and associated costs determine whether a portfolio trade or an RFQ list trade is the optimal choice.
IEX, MEMX spar over new exchange’s now-approved infrastructure model
As more exchanges look to operate around-the-clock venues, the disagreement has put the practices of market tech infrastructure providers under a microscope.
The Waters Cooler: The Thanksgiving debrief
Maybe we shouldn’t use AI for EVERYTHING! I’m talking to YOU, Spotify!
LSEG shelves replatforming project for FX Matching venues
After EBS migration, dealers had little appetite for another major technology project
