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June 15, 2022

DataStax Secures $115 Million Investment Led by Goldman Sachs Asset Management

SANTA CLARA, Calif. — June 15, 2022 — DataStax, the real-time data company, today announced that it has secured $115 million in funding led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), with participation from RCM Private Markets fund advised by Rokos Capital Management (US) LP, Singapore-based global investor, EDB Investments Pte. Ltd. and DataStax’s existing investors including Crosslink Capital, Meritech Capital Partners, OnePrime Capital, and other current investors. DataStax will use the funding to accelerate the global expansion and development of its Astra DB multi-cloud database and its Astra Streaming streaming service, which are part of the company’s open data stack for building and running real-time applications on any cloud, at massive scale, anywhere in the world, with zero downtime.

“Today’s market leaders run their business with real-time data to create instant intelligence and drive actions,” said Holger Staude, Managing Director at Goldman Sachs. “That’s exactly what DataStax empowers companies to do, and why we are excited to support the next generation of digital applications with our investment.” 

The funding comes on the heels of strong first quarter company momentum driven by the growing popularity of Astra DB, which is built on the powerful open source Apache Cassandra™ database. Read rest here