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December 14, 2011
Xeround Secures $9 Million in Series C Funding
Popular database-as-a-service provider receives additional funding to address growing cloud-based data management needs
MOUNTAIN VIEW, Calif., Dec. 14 — Xeround, the Cloud Database Company, today announced that they have closed $9 million in a Series C round of financing led by their current investors including Benchmark Capital, Giza Venture Capital, Ignition Partners and Trilogy Partnership.
Xeround offers a database-as-a-service for MySQL-based applications that's elastic, linearly scalable and always on for infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and software-as-a-service (SaaS) environments.
"Xeround has emerged as a leader in cloud-based data management and the company's execution on product and services is impressive," said Arad Nevah, Partner at Benchmark Capital. "Developers will continue to need scalable, zero maintenance solutions for managing their data in the cloud. Xeround is well-positioned with its unique patented technology to excel in the market."
Customers in the cloud ecosystem encounter various database challenges including the need for elastic usage, high availability and data synchronization. Designed and built specifically for the cloud, Xeround's database-as-a-service solution effectively manages auto-scaling, high-availability, self-healing and multi-tenancy, while guaranteeing continuous service during schema changes, resource modifications and the scaling process. Xeround's service already has hundreds of paying customers and boasts a complete end-to-end solution for seamlessly running MySQL applications in the cloud.
"We're excited to further support the growing popularity of Xeround's cloud database solution as well as expand our marketing and sales operations with this funding," said Razi Sharir, CEO of Xeround. "We're confident Xeround will continue to accelerate leadership in the space and deliver game-changing technology as the only native cloud database, providing high availability and true elasticity with no management or configuration overhead."
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About Xeround
Xeround enables a truly scalable cloud computing infrastructure by providing elastic and highly available database software for public and private clouds. Xeround's cloud database for MySQL-based applications allows service providers, ISVs and customers to easily run their applications in the cloud and automatically scale up or down, all while ensuring availability in the event of failure or schema changes. The product is well-geared to IaaS, PaaS and SaaS providers, and is available either as a Database-as-a-Service (DBaaS) or as a virtual appliance. The company is based in Mountain View, Calif., with research and development in Israel. Investors include Benchmark Capital, Giza Venture Capital, Ignition Partners and Trilogy Partnership. For more information, visit http://xeround.com and follow @Xeround on Twitter.
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Source: Xeround
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