Cloud Database Startup Xeround Raises $9.3M


Posted on 14th December 2011 by cloudhostingguy in About Cloud Hosting

Database virtualization startup Xeround has raised $9.3 million in Series C funding Benchmark Capital, Giza Venture Capital, Ignition Partners and Trilogy Partnership. This would mean that the startup has raised over $30 Million to days.

Xeround offers a cloud database-as-a-service for MySQL-based applications. Currently the service is offered for EC2 MySQL databases, as well as Rackspace-MySQL and Heroku-MySQL applications.

Xeround’s cloud database allows service providers, ISVs and customers to run their applications in the cloud and automatically scale up or down, all while ensuring availability in the event of failure or schema changes.

The startup promises auto-scaling, elastic-usage, high availability and multi-tenancy, while guaranteeing continuous service during schema changes, resource modifications and the scaling process. Xeround’s service currently has hundreds of paying customers.

Xeround, which competes with Salesforce’s, will use the funding to expand its cloud database solution as well as further marketing and sales operations.  You should be expected to see some pretty amazing cloud database offerings in the next 1-3 years out of these guys.  Their offerings are pretty sweet.

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