Delphix, a data-as-a-service specialist startup has raised $75 million funding in a round led by Fidelity Management and Research Company. Other investors who participated are Credit Suisse NEXT Investor, LLC, a fund managed within Credit Suisse Asset Management, The Kraft Group and existing investors that includes Greylock Partners, Lightspeed Venture Partners and Icon Ventures. This funding brings the total amount secured by the company to more than $119 million since its inception.
Founded in 2008, Delphix offers data compression and replication-as-a-service or the ability to virtualise, secure, optimize and move large databases from on-premise to the cloud and back again. It offers wide support for most database technologies that include Oracle, Oracle RAC, Oracle Exadata, Microsoft SQL Server, IBM DB2, SAP ASE, PostgreSQL and a range of other SQL and NewSQL technologies. The company claims that its virtualization, masking and self-delivery technologies can deliver data 100 times faster than conventional methods, reducing the conception of infrastructure by 10 times.
“Applications have become a highly contested battleground for businesses across all industries,” said founder and CEO of the company, Jedidiah Yueh. “Data as a service helps our customers complete application releases and cloud migrations in half the time, by making data fast, light and unbreakable – a huge competitive advantage.”
The fresh funds has been planned by the company to improve the sales, marketing and operations across global geographies and maintain its leadership in Data as a Service (DaaS), a disruptive and transformative market that boosts application releases and cloud migrations, while cutting down the IT costs. Apart from it, the investment will allow the company to aggressively invest in cloud, analytics and data security technologies to drive more value for customer of its Data as a Service platform.
“At Delphix, our mission is to help companies unlock the value of data trapped in heavyweight legacy infrastructure and databases,” said Yueh. Stewart Grierson, CFO of Delphix said, “We have grown revenue at a 220% CAGR over the last five years while primarily funding operations from cash flow. We have a proven business model and the market has validated our technology. This financing will give us the flexibility to invest for further scale and cement our leadership position in the DaaS market.”
Delphix has strategic partnerships with industry leaders like Amazon Web Services, Dell, SAP and VMware.