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ScyllaDB raises $43M to boost next generation of NoSQL database scalability

Oct 18, 2023 - venturebeat.com
ScyllaDB, an open-source NoSQL database, has raised $43 million in a Series C3 funding round, bringing its total funding to $100 million. The round was led by Eight Roads Ventures and AB Private Credit Investors, with participation from TLV partners, Magma Ventures, and Qualcomm Ventures. The company plans to use the funds to develop new capabilities and compete with MongoDB.

ScyllaDB is currently working on its next release, ScyllaDB 6, which will introduce a concept called "tablets" to enhance database scalability. However, unlike other database companies that are focusing on supporting vector embeddings for generative AI workloads, ScyllaDB is not currently pursuing this direction. The company sees more traditional, non-generative AI usage with its database and believes implementing a vector search is more challenging due to performance reasons.

Key takeaways:

  • ScyllaDB, an open-source NoSQL database, has raised $43 million in a Series C3 round of funding, bringing its total funding to $100 million. The funding round was led by Eight Roads Ventures and AB Private Credit Investors.
  • The company is planning to use the new funding to build out new capabilities and take aim at the MongoDB database.
  • ScyllaDB is currently developing ScyllaDB 6, which will introduce a concept called tablets. This new concept is designed to make it easier to scale out the database across additional servers.
  • While many in the database industry are supporting vector embeddings for generative AI workloads, ScyllaDB is not currently pursuing this direction. However, support for vectors is on the ScyllaDB roadmap for the future.
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