Venture Capital News: Rockset Scores $21.5M Seed and Series A
SAN MATEO, CA, Rockset today announced that it has raised $21.5 million in seed and Series A funding.
Rockset, the serverless search and analytics company, today announced that it has raised $21.5 million in seed and Series A funding from Greylock Partners and Sequoia Capital. The Series A round was $18.5 million. Both Jerry Chen, a partner at Greylock, and Mike Vernal, a partner at Sequoia, have joined the board. Advisors include Gaurav Gupta, a former product executive at Elastic and Splunk, and Peter Bailis, an assistant professor of computer science at Stanford University.
Rockset also announced the availability of its serverless search and analytics service: https://www.globenewswire.com/NewsRoom/ReleaseNg/2571451
Former engineering leaders at Facebook, Venkat Venkataramani and Dhruba Borthakur, founded Rockset to enable developers to build data-driven applications as simply as possible and eliminate the complexity inherent in typical data infrastructures. Rockset is built by experts with decades of experience in web-scale data management and distributed systems. The team comprises engineers who built databases at Oracle, founded the Hadoop Filesystem project at Yahoo, implemented the Gmail backend at Google, and built the online data and search infrastructure at Facebook.
"We saw a huge opportunity to help developers and data scientists be productive with their data," said Venkat Venkataramani, Rockset co-founder and CEO. "We created Rockset to be the simplest way to build data-driven apps in the cloud. Developers can go from raw data to SQL queries to apps and dashboards in a single cloud service, removing the need for complex data infrastructures."
"The future of data is in the cloud, and Rockset is ahead of the market in offering a serverless search and analytics engine that takes advantage of cloud economics," said Jerry Chen, partner at Greylock Partners. "I am excited that Rockset is launching to meet the strong need, among developers and data scientists, for a simple way to harness all their data."
"The team Rockset has assembled is extraordinarily talented. In the two years since founding, they have built and delivered a truly remarkable product that has the potential to revolutionize how developers build data-driven apps," said Mike Vernal, partner at Sequoia Capital.
Users can sign up to access Rockset, available as a cloud service: https://rockset.com/access/
Register for Rockset's launch webinar with its founders on November 8, 2018: https://attendee.gotowebinar.com/register/1063781192887139341
Visit Rockset at AWS re:Invent 2018 in booth 813 to see the service in action
Rockset's vision is to build a data-driven future. Rockset provides a serverless search and analytics engine, making it easy to go from data to applications. The team comprises data and distributed systems experts who co-created the Hadoop Filesystem, the Gmail backend, and the online data and search infrastructure that powers all user-facing apps at Facebook. Rockset is backed by Greylock Partners and Sequoia Capital. For more information, go to https://rockset.com or follow Rockset at @RocksetCloud.
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