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Datos IO Raises $12.5M Series A Round For Its Big Data Recovery Platform

Posted Sep 15, 2015 by Frederic Lardinois (@fredericl)
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When you have a lot of data in your data warehouse, NoSQL database or cloud-native data store, recovering all of that data after it has become corrupted or inaccurate is difficult. Datos IO, which was founded by a group of veteran Data Domain, Veritas and IBM researchers, is now trying to make it easier to recover data from these big data services. The company is launching out of stealth today and is also announcing that it has raised a $12.5 million Series A funding round.

The lead investors in this round were Lightspeed Venture Partners and True Ventures. Other participants include a number of angel investors, including CrunchFund (which is not affiliated with TechCrunch, despite sharing the same founder). The company previously raised a $2.75 million seed round led by True Ventures.

The company tells me it plans to use this new influx of capital to build out its engineering and sales teams to bring its product to market and onboard its first revenue-generating customers. Some current early adopters include eBay, Capital One and Threat Stack.

Datos IO argues that current next-gen databases lack the recovery tools that enterprise customers require. The company describes its services as the “industry’s first distributed versioning platform that guarantees repair-free recovery across all scale-out databases and provides enterprises with a single state of true for their distributed applications.” In essence, it wants to do for next-gen databases what tools like Veritas (now owned by Symantec) did for Oracle databases before.

The plan is to make the product generally available in 2016.

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  • Lightspeed Venture Partners

    • Founded 2000
    • Overview Lightspeed Venture Partners is a venture capital firm that is engaged in the consumer, enterprise, technology, and cleantech markets. It is focused in seed, early stage, later stage, expansion stage, start-up, growth companies, and incubation and has specialized in debt financing for start-up and growth companies. Lightspeed Venture Partners invests in various sectors: enterprise, consumer, …
    • Location Menlo Park, CA
    • Categories Bitcoin, Cloud Computing, Finance, Venture Capital
    • Website http://lsvp.com
    • Full profile for Lightspeed Venture Partners
  • True Ventures

    • Founded 2006
    • Overview Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With five core funds and capital under management in excess of $1.4 billion, True provides seed and Series A funding to the most talented entrepreneurs in today’s fastest growing markets. With a mission to make the world a better place for entrepreneurs, True encourages …
    • Location Palo Alto, CA
    • Categories Financial Services, Venture Capital, Enterprise Software
    • Founders Jon Callaghan
    • Website http://www.trueventures.com
    • Full profile for True Ventures

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