TechCrunch April 24, 2014
When big data is more than a buzzword it can soon turn into a huge headache for developers or those charged with managing the storage and access of large and growing data sets. That’s the problem open source startup Crate Data has set out to solve. It offers developers an open source SQL data store based on “shared-nothing architecture” that it claims can scale massively, offering tens of thousands of concurrent real time queries. The software is free to download and install, with Crate Data charging for support per-cluster, including a discount for startups.
Today the Austria/Berlin-based startup is announcing it’s raised a $1.5 million seed round from two European VCs: Copenhagen, Denmark-headquartered Sunstone, and London-based DFJ Esprit. Interestingly, on DFJ Esprit’s side, the investment in Crate Data represents the first deal Gil Dibner has led since he joined as partner from Index Ventures late last year. It’s also the first seed investment, rather than series A (or follow-on funding), that DFJ Esprit has done in a while.
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