Yugabyte Raises a $30 Million Series B

Yugabyte has raised $30 million in an oversubscribed Series B funding round led by 8VC, with participation from Wipro Ventures and existing investors, Lightspeed and Dell Technologies Capital. This funding validates the company's focus on building a best-in-class distributed SQL database for the cloud. The investment also highlights the growing market demand for a revolutionary distributed SQL database like YugabyteDB, which is serving the immediate market need for a 100% open source, high-performance relational database that can run on any cloud or Kubernetes environment without vendor lock in. With this new round of funding, Yugabyte plans to scale its adoption and accelerate investments in R&D, sales, support, and marketing to simplify data infrastructure for modern cloud applications. The company is also hiring and welcomes all to apply.

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