VCs Clamor For Virtual Databases As Delphix Raises $25m
There's lots of money in enterprise IT and virtual databases are emerging as a very hot sector for VCs, as Delphix raises $25 million in an oversubscribed C-round.
Virtual databases are able to increase the effieiciency of data centers and also help speed the development of web-based applications. Facebook is a Delphix customer. Tim Campos, Facebook's CIO, says that Delphiix is being used to help develop 11 projects simultaneously instead of just two.
Nick Sturiale, general partner at Jafco Ventures, and a board memebr of Splunk, said Delphix is "one of the most compelling value propositions" he's seen since Splunk.
New investors Summit Partners and Battery Ventures join lead investor Jafco, and Greylock Partners and Lightspeed Venture Partners.