Splice Machine, the provider of a transactional real-time SQL-on-Hadoop database for Big Data applications, has closed a $15 million Series B round of funding led by InterWest Partners, with participation from existing investor Mohr Davidow Ventures. The investment will enable the company to accelerate its product development and expand its sales and marketing team in preparation for its upcoming public beta offering in 1Q 2014. With its real-time transactional architecture, Splice Machine moves Hadoop beyond batch processing to power real-time operational and analytical applications.
Splice Machine previously raised $4.3 million of Series A funding from MDV in 2012. Since then, the company has tripled its staff, engaged with over 10 charter customers and delivered a limited product release where more than 50 enterprises validated use cases, tested SQL coverage and benchmarked performance.