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OpenStack Database as a Service Company, Tesora, Announces $4.5 Million New Funding
Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has closed $4.5 million in venture financing.  This is the first new investment in the firm since its successful re-launch as Tesora to become the market leader in database as a service and OpenStack Trove, which was done in February 2014.

The round includes new investors, Rho Canada Ventures, along with existing investors General Catalyst Partners, CommonAngels Ventures, Point Judith Capital and angel investors. This brings Tesora's total financing to $13.2 million.

The OpenStack Trove database as a service project is transforming the way databases are provisioned and managed, to make database capacity that can be consumed on-demand like electricity. Tesora is the leading contributor to the Trove project, alongside other contributing companies like HP, Rackspace, eBay, and Red Hat.

"In early 2014, we made a significant business model change. This new investment further validates our belief in the potential of database as a service and the OpenStack Trove project," said Ken Rugg, founder and CEO of Tesora. "Many enterprises are adopting OpenStack for private cloud infrastructure and we expect Trove and database as a service to be an important part of this."

OpenStack Trove provides a scalable framework for operating a variety of different database management systems (DBMS) - relational and non-relational - through a single, common management infrastructure. This makes it much easier and faster to select and operate databases - while retaining all its capabilities - in a secure private or public cloud.

"We are excited about the continued growth in the OpenStack market," said Sean Brownlee, partner, Rho Canada Ventures and newest member of Tesora's board of directors. "As organizations continue to move workloads to OpenStack, we believe that Tesora will be uniquely positioned to deliver on the promise of open, enterprise database as a service in the cloud."
Published Thursday, June 25, 2015 6:46 AM by David Marshall
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