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    Andhra Pradesh Government to Provide Free Tabs to All Government School Students Studying in 8th Standard

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    Jharkhand pushes for affordable farm technologies

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    France to soon accept India’s UPI, RuPay Cards

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    Cygnet Infotech approved as an Invoice Registration Portal by GSTN

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    DoT Chairman Claims Open RAN is the path forward for India’s 5G success

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    Pristyn Care acquires health-tech platform Lybrate

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    57% of Indian Organizations are at the Startup Stage of Genomics High-Performance Computing Infrastructure

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    IIT Kanpur to Offer Courses to Upskill Engineers and Architects in Association with Association of Infrastructure Industry

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    Andhra Pradesh Government to Provide Free Tabs to All Government School Students Studying in 8th Standard

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    World’s Top Ten Universities Vulnerable to Data Breaches and Need Better Password Education

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    Pine Labs acquires leading API fintech startup Setu

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    India’s investments in AI to cross $880 mn by 2023: NASSCOM

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    IVY Growth Associates Wraps up the 3 Day Mega startup summit in Surat, awards $500K in funding

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    DataStax Secures $115 Million Investment Led by Goldman Sachs Asset Management

    DataStax Secures $115 Million Investment Led by Goldman Sachs Asset Management

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    Technology Development Board to come up with a ₹1,000 crore startup fund soon

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    Cyber security is integral to national security, says Home Minister Amit Shah

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    Government to convert debt into equity from Vodafone Idea

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    Andhra Pradesh Government to Provide Free Tabs to All Government School Students Studying in 8th Standard

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    Jharkhand pushes for affordable farm technologies

    France to soon accept India’s UPI, RuPay Cards

    France to soon accept India’s UPI, RuPay Cards

    Cygnet Infotech approved as an Invoice Registration Portal by GSTN

    Cygnet Infotech approved as an Invoice Registration Portal by GSTN

    DoT Chairman  Claims Open RAN is the path forward for India’s 5G success

    DoT Chairman Claims Open RAN is the path forward for India’s 5G success

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    Agnipath Recruitment Scheme: What Happens to Agniveers After Four Years?

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    Digital Disease Management to Solve India’s Chronic Health Crisis: Redseer

    Max Life Accelerates Cloud Transformation with AWS

    Max Life Accelerates Cloud Transformation with AWS

    Tech Mahindra signs MoU with Atal Incubation Centre to drive innovation in molecular biology and genomics space

    Tech Mahindra signs MoU with Atal Incubation Centre to drive innovation in molecular biology and genomics space

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    57% of Indian Organizations  are at the Startup Stage of Genomics High-Performance Computing Infrastructure

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    Infant Mortality Rate Comes Down in Jammu & Kashmir

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    IIT Madras and IBM Invite Applications from Students for 4-week Free Online Course on Quantum Computing

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    IIT Madras Announces Summer Program for Rural School Students

    IIT Madras Announces Summer Program for Rural School Students

    IIT Kanpur to Offer Courses to Upskill Engineers and Architects in Association with Association of Infrastructure Industry

    IIT Kanpur to Offer Courses to Upskill Engineers and Architects in Association with Association of Infrastructure Industry

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    Andhra Pradesh Government to Provide Free Tabs to All Government School Students Studying in 8th Standard

    World’s Top Ten Universities Vulnerable to Data Breaches and Need Better Password Education

    World’s Top Ten Universities Vulnerable to Data Breaches and Need Better Password Education

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    Wait is Over, UP Board Results are Out

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    NSDL in talks with investment banks for IPO

    Pine Labs acquires leading API fintech startup Setu

    Pine Labs acquires leading API fintech startup Setu

    Union Bank of India unveils Cyber Security Mascot to create Cyber Security Awareness

    Union Bank of India unveils Cyber Security Mascot to create Cyber Security Awareness

    Andhra Pradesh Government to Provide Free Tabs to All Government School Students Studying in 8th Standard

    Andhra Pradesh Government to Provide Free Tabs to All Government School Students Studying in 8th Standard

    Worldline India Partners with Bajaj Finance for Merchant Payment Solutions

    Worldline India Partners with Bajaj Finance for Merchant Payment Solutions

    France to soon accept India’s UPI, RuPay Cards

    France to soon accept India’s UPI, RuPay Cards

    Cygnet Infotech approved as an Invoice Registration Portal by GSTN

    Cygnet Infotech approved as an Invoice Registration Portal by GSTN

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    NSRCEL, IIM-B and Micelio Mobility partner for clean mobility startups ecosystem

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    India’s investments in AI to cross $880 mn by 2023: NASSCOM

    India’s investments in AI to cross $880 mn by 2023: NASSCOM

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    Palo Alto Networks Bolsters Its Cloud Native Security Offerings With Out-of-Band WAAS

    TCS likely to launch chip-based e-passports by year-end

    TCS likely to launch chip-based e-passports by year-end

    FarEye Launches Online Returns Management to Help Retailers Deliver a Seamless Consumer Experience

    FarEye Launches Online Returns Management to Help Retailers Deliver a Seamless Consumer Experience

    Pine Labs acquires leading API fintech startup Setu

    Pine Labs acquires leading API fintech startup Setu

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    Foxconn, Vedanta discuss Road Map to Set up Chip Manufacturing Plant

    ALLSEC TECHNOLOGIES LIMITED TO MERGE INTO QUESS CORP LIMITED

    ALLSEC TECHNOLOGIES LIMITED TO MERGE INTO QUESS CORP LIMITED

    Newgen’s Contextual Content Services Platform (ECM) Now Available on the Microsoft Azure Marketplace

    Newgen’s Contextual Content Services Platform (ECM) Now Available on the Microsoft Azure Marketplace

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    TCS powers Aadhar Housing Finance Limited’s market expansion

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    IVY Growth Associates Wraps up the 3 Day Mega startup summit in Surat, awards $500K in funding

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    Toshiba and Beyond Next Ventures India announce Ideathon to Boost Entrepreneurial Skill Development

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    Prop Tech 3.0 Platform Settlin raises $1 Million in Pre-series A led by Powerhouse Ventures

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    Adani acquires 50% stake in General Aeronautics

    Climate-smart deeptech startup Ecozen raises first tranche of Series C funding led by Dare Ventures

    Climate-smart deeptech startup Ecozen raises first tranche of Series C funding led by Dare Ventures

    DataStax Secures $115 Million Investment Led by Goldman Sachs Asset Management

    DataStax Secures $115 Million Investment Led by Goldman Sachs Asset Management

    NSRCEL, IIM-B and Micelio Mobility partner for clean mobility startups ecosystem

    NSRCEL, IIM-B and Micelio Mobility partner for clean mobility startups ecosystem

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    Technology Development Board to come up with a ₹1,000 crore startup fund soon

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Home Startups Funding

DataStax Secures $115 Million Investment Led by Goldman Sachs Asset Management

The company is doubling down on its groundbreaking multi-cloud serverless database that puts the world's data to work powering high-growth applications

June 17, 2022
in Funding
DataStax Secures $115 Million Investment Led by Goldman Sachs Asset Management

New Delhi — DataStaxit has secured $115 million in funding led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), with participation from RCM Private Markets fund advised by Rokos Capital Management (US) LP, Singapore-based global investor, EDB Investments Pte. Ltd. and DataStax’s existing investors including Crosslink Capital, Meritech Capital Partners, OnePrime Capital, and other current investors. DataStax will use the funding to accelerate the global expansion and development of its Astra DB multi-cloud database and its Astra Streaming streaming service, which are part of the company’s open data stack for building and running real-time applications on any cloud, at massive scale, anywhere in the world, with zero downtime.

“Today’s market leaders run their business with real-time data to create instant intelligence and drive actions,” said Holger Staude, Managing Director at Goldman Sachs. “That’s exactly what DataStax empowers companies to do, and why we are excited to support the next generation of digital applications with our investment.”

The funding comes on the heels of strong first quarter company momentum driven by the growing popularity of Astra DB, which is built on the powerful open source Apache Cassandra database. Astra DB simplifies cloud-native application development and delivers pay-as-you-go pricing with the freedom and agility of multi-cloud and open source. With the new funding, DataStax will double down on the development of Astra DB, with new capabilities including additional integration with Astra Streaming to enable businesses to easily activate all their real-time data — both data “at rest” in a database and streaming data “in motion.”

“We see the transformative power of real-time applications across industries on a daily basis and among customers such as The Home Depot, Verizon, and Capital One,” said Chet Kapoor, chairman and CEO of DataStax. “What’s clear is that we’re only in the early stages of what’s possible with new data-driven experiences that will serve a wide range of human needs, create virtuous cycles between companies and their customers, and move markets. We appreciate that our investors believe in our vision – even in this economy, we were able to raise significant capital at a substantial premium over the round we completed just a year ago.”

Tags: Chet KapoorDataStaxitGoldman
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