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. 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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