Instaclustr has raised $2m in its first seed round.
Instaclustr, an IT startup, has closed a seed round of $2m. The round was led by ANU Connect Ventures, a fund aimed at commercialised research from the Australian National University and at regional research. DataStax as well as unnamed angel investors also participated.
Instaclustr, incorporated in 2013, offers a managed service for both Apache Cassandra and DataStax Enterprise in the cloud. DataStax’s offering itself revolves around support and tools for Cassandra.
Apache Cassandra is an open-source, distributed database management system originally developed by Facebook in 2008. The software allows companies with large sets of data to easily and reliably access that data even when it is spread across multiple servers or even several datacentres.
Instaclustr is the first company to provide such a managed solution for Cassandra, which includes configuring the software, monitoring security and performing backups, among other services. The company will use the cash injection, which is its first since incorporation, to accelerate its growth and to create new offerings.
Nick McNaughton, chief executive at ANU Connect Ventures, said: “We have undertaken considerable due diligence on the potential of Apache Cassandra and the demand for managed services in this space. We also believe in the capability of the Instaclustr management and technical teams and consider that they are well placed to build a significant global software business.”
