Database optimization startup Silk raises $55M

Silk, a platform designed to toughen database efficiency, nowadays introduced it has raised $55 million in a sequence B funding round led by S Capital. The company says the funds will possible be feeble to present a clutch to its gross sales and marketing and marketing operations and lift its engineering group as the build a matter to for cloud environments rises in the wake of the pandemic.

As firms extra and extra switch their workloads to the cloud, stable cloud infrastructure is a must-private. Seventy p.c of firms now exhaust bigger than one database of their stack, according to Redgate. And in a present Gleanster peep, respondents acknowledged databases are the No. 1 source of app efficiency components.

Silk, which change into founded in 2008 by CEO Dani Golan, Moshe Selfin, and Ofir Dubovi, permits customers to scale databases on-build a matter to whereas handing over ostensibly higher efficiency when in contrast with outmoded setups. The platform robotically detects and removes reproduction data, mitigating gaps between data and making exhaust of compression to bridge silos between clouds and on-premise servers.

Golan claims the platform makes cloud environments crawl as much as 10 instances faster and the total app stack extra resilient to malfunctions. “The cloud distributors are now starting build the fight over customers’ databases and other mission-serious ‘crown jewels.’ To remove this fight, they private to make sure that customers will meet their include stop users’ service-level agreements by enabling top scalability and efficiency of their mission-serious applications,” he added. “Having this capital permits us to bring the vision-accelerated cloud adoption to a much wider audience.”

Database optimization

Silk, which sits between cloud environments and a customer’s databases, allocates cloud capacity to raise automatic provisioning and clones data with out spending a dime, letting firms invent check environments with out spending or slowing workload. The platform’s machine discovering out-powered dashboard reveals exact-time metrics and permits admins to scale up or down on the fly, as effectively as viewing the parts and data they’re the exhaust of.

Cloud observability and management remains a serious hassle in the enterprise. In a Pepperdata story,  64% of respondents acknowledged tag management and containment change into their biggest hassle when it got right here to running cloud spacious data applied sciences and applications. Moreover, a majority of respondents acknowledged optimizing present cloud sources change into their perfect-priority spacious data cloud initiative.

Silk counts Payoneer, Priceline, Cisco, and Telefonica amongst its customers and has partnered with Microsoft, Amazon Internet Services, and Google Cloud Platform to promote its expertise and providers. Up to now, the Needham, Massachusetts-based completely mostly company has raised over $294 million in venture capital, along side a $75 million sequence F round led by CIRTech Fund and Waterwood Neighborhood that closed in January 2017.

Essentially the most show cowl funding round included participation from Sequoia Capital, Pitango, Globespan, Ibex, Vintage, Clal Insurance, Monetary institution HaPoalim, Meitav Dawdle, and Menora Mivtachim.