Yugabyte has raised $16 million in funding led by Dell Technologies Capital and Lightspeed Venture Partners to expand its reach to large enterprises. The company aims to solve the challenge of cloud-native, high-performance distributed SQL database platforms with its open-source YugaByteDB platform. This platform enables organizations to standardize on a single, non-proprietary database for various workloads requiring distributed SQL capabilities, resulting in reduced operational complexity and costs. With the additional funding, Yugabyte plans to accelerate investments in engineering, sales, and customer success to support enterprises building business-critical applications in the cloud. The company's goal is to democratize the transactional database layer by offering a single non-proprietary database that can span public and private clouds, providing Fortune 500 CIOs with an alternative to cloud vendor lock-in at the database layer, while also benefiting developers who don't need to re-architect existing applications.