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Aster Data Systems Raises $12 Million in Series B Funding
(Marketwire Via Acquire Media NewsEdge) REDWOOD CITY, CA, January 13 / MARKET WIRE/ --
Aster
Data Systems, a proven leader dedicated to providing the best analytic
databases for frontline data warehousing, today announced it has completed
a $12 million round of equity funding led by JAFCO Ventures. Joe Horowitz,
Managing General Partner of JAFCO Ventures, has joined Aster's Board of
Directors. Existing investors Sequoia Capital, Cambrian Ventures and First
Round Capital also participated in the round.
JAFCO Ventures has a deep understanding of the data warehousing market from
their previous investment in DATAllegro, which was acquired by Microsoft in
2008. This investment reinforces the domain understanding that Sequoia
Capital brings to Aster, from their previous investment in Netezza, which
went public in 2007.
"We are delighted to have seasoned venture capitalists of this caliber on
our Board, who understand the data warehouse market and have the experience
to help us build Aster Data into a great success," said Mayank Bawa, CEO
and Co-Founder of Aster. "As the bar continues to be raised higher than
ever for venture capital investments, investors and customers recognize the
game-changing innovations of the Aster solution. We plan to aggressively
grow the company so we can continue to provide the best data warehousing
engine to our customers."
"Aster Data is on track to become the gold standard in data warehousing and
analytics," said Joe Horowitz, of JAFCO Ventures. "Aster has clearly
differentiated itself with their next-generation frontline data warehouse
technology that capitalizes on the needs of the market today. We are
excited by the opportunity to support the company and look forward to
supporting its growth into the major global player in the $20 billion
database market."
Aster nCluster is a high-performance analytic database for frontline data
warehousing. Aster nCluster provides an always-on, always-parallel MPP
architecture with the In-Database MapReduce programming framework for
business-critical applications. Unlike traditional analytic databases,
Aster's online fault tolerance and hands-free administration allows it to
run on low cost, commodity hardware. Aster delivers automated one-click
scaling, recovery, backup, restore, and upgrades -- enabling enterprises to
maintain current staffing levels, even as data sizes multiply each year.
"A perfect data warehousing engine will process and leverage all the data
in an enterprise," said Tasso Argyros, CTO and Co-Founder of Aster. "That
is where Aster is headed."
"Aster has all the ingredients to change the game in this market -- proven,
differentiated technology, a rapidly growing revenue stream and customer
base, and a solid management team," said Doug Leone, Managing Partner at
Sequoia Capital. "The company is well positioned to become the category
leader in the next generation of data warehouses, and we are pleased to
partner with them in their success."
Aster Data Systems has raised $22 million in funding to date, from venture
capitalists JAFCO, Sequoia, Cambrian Ventures, and First-Round Capital, as
well as industry visionaries including David Cheriton, Rajeev Motwani and
Ron Conway.
About Aster Data Systems
Aster Data Systems is a proven leader in high-performance analytic database
systems for frontline data warehousing -- bringing deep insights on data
analyzed on clusters of low-cost commodity hardware. The Aster nCluster
database cost-effectively powers frontline analytic applications for
companies such as MySpace, Akamai, and Aggregate Knowledge. Running on
low-cost off-the-shelf hardware, and providing 'hands-free' administration,
Aster enables enterprises to meet their data warehousing needs within their
budget. Aster is headquartered in Redwood City, California and is backed by
Sequoia Capital, JAFCO Ventures, Cambrian Ventures, and First-Round
Capital, as well as industry visionaries including David Cheriton, Rajeev
Motwani and Ron Conway. For more information please visit
http://www.asterdata.com, or call 650-232-4400.
About JAFCO Ventures
Based in Palo Alto, California, JAFCO Ventures is a venture capital
partnership focused on companies that are emerging leaders in the
communications, Internet, semiconductor and software industries. JAFCO
Ventures was formed in 2003 and currently manages more than $350 million in
capital. The fund's charter is to invest in venture opportunities with true
breakout potential where JAFCO Ventures can meaningfully add value with
capital, the experience of seasoned venture capital investors, and the
deployment of our Asia business development team, to help portfolio
companies generate revenue from customers in Japan and other parts of Asia.
For more information, visit http://www.jafco.com/.
Aster Data Systems, Aster nCluster and the Aster logo are registered
trademarks of Aster Data Systems. All other brands and trademarks
referenced herein are acknowledged to be trademarks or registered
trademarks of their respective holders. Statements herein are based on
normal operating conditions and are not intended to create any implied
warranty of merchantability for fitness for a particular purpose. Aster
Data Systems reserves the right to modify at any time with out notice these
statements, our services, products, and their warranty and performance
specifications.
Press Contact:
Zenobia Godschalk
ZAG Communications
678.799.8279zenobia@zagcommunications.com
Copyright ? 2009 Marketwire
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