Instaclustr
today announced it has raised $15 million from Level
Equity, the New York City-based private investment firm. The funding
provides Instaclustr with capital to accelerate expansion of its managed
platform of core open source technologies. Instaclustr – now serving more than 100 customers from various
industries – will double its headcount over the next year. Instaclustr’s
revenues have grown 300% over the last 24 months and this pace is expected to
continue.
Instaclustr’s Open Source-as-a-Service platform delivers
fully hosted and managed big data technology solutions in their 100% open
source form, providing customers the data capabilities and reliability required
to scale with absolute freedom from vendor or technical lock-in. Core
technologies currently provided by the managed platform include Apache
Cassandra, Apache Spark and Apache Kafka.
Instaclustr will use this funding to expand its automated and proven management
environment for database, analytics, search, and messaging services to include
additional open source technologies such as Elasticsearch, Apache Ignite and
Apache Flink. The company will also be adding other data-centric open source
technologies that integrate well and that are ideally suited for supporting the
scale, high availability, and performance demanded from next-gen applications
and solutions. All technologies will continue to be made available through a
single platform capable of handling customers’ entire data layer.
“We allow customers to get the most production value from an array of powerful
open source data solutions – and to do so within a fully managed environment
that frees up their IT resources and budget,” said Peter Nichol, CEO,
Instaclustr. “The new investment from Level Equity will accelerate our
platform’s expansion, grow our sales and support teams, and allow us to reach
more organizations seeking to optimize their data-related performance,
reliability, security, and scalability.”
“Instaclustr has earned its reputation as a trusted enterprise partner through
its unwavering dedication to 100% open source technologies and fast, expert
support,” Ben Levin, Founder and Partner, Level Equity. “Demand for flexible
solutions capable of addressing mission-critical data infrastructure is growing
exponentially, and this is reflected in the outstanding financial performance
Instaclustr has demonstrated in the last several years. The comprehensive
managed platform Instaclustr offers is well positioned as a singular backend
answer to meet the entire scope of customers’ requirements when it comes to
managing the data layer.”
“Because of Instaclustr’s robust platform and readily-available support, we’re
able to focus our attention where it belongs: on our product and growing our
business,” said Jason Wu, CTO, AdStage. “Working with Instaclustr has given us
certainty that our open source deployment is being expertly managed, scaled, and
optimized on our behalf. We look forward to continuing to benefit from our
relationship with Instaclustr as it expands its managed data technologies.”
