Summit Partners Joins Existing Investors to Solidify Delphix’s Leadership Position in Agile Data
MENLO PARK, CA—Delphix, the market leader in agile data, announced it has received $25 million in its oversubscribed Series C funding round, led by Jafco Ventures. Summit Partners and Battery Ventures joined Jafco as new investors in Delphix. Existing investors, including Greylock Partners and Lightspeed Venture Partners, also participated in the round, which will be used to solidify Delphix’s leadership position in the agile data market. To date, Delphix has raised $45.5 million in capital.
“Delphix offers one of the most compelling value propositions I’ve seen since Splunk (NASD: SPLK),” said Nick Sturiale, General Partner at Jafco Ventures and Splunk board member. “Agile data unites big data and cloud computing, making Delphix the missing piece for unlocking enterprise data and transforming enterprise applications.”
Added Harrison Miller, Managing Director of Summit Partners, “Through Delphix, organizations can finally migrate existing applications to the cloud without extended lead times and blown budgets. Migration has been one of the biggest barriers to cloud adoption and Delphix offers the first technologies we’ve seen that address this issue head on, delivering massive ROI through faster time to market and significant cost savings.”
Delphix has experienced rapid success since emerging from stealth mode in 2010, achieving over 300 percent annual sales growth. With Fortune 1,000 customers across a variety of industries, including financial services, telecommunications, consumer packaged goods, e-commerce, and manufacturing, Delphix already eliminates hundreds of millions of dollars in redundant hardware and inefficient operating expenses across the globe. Last year, Delphix expanded operations to EMEA and Latin America through both direct sales staff and channel partners.
By virtualizing the data within enterprise databases, Delphix increases agility in database-driven application development and transforms the economics of database and application management. Delphix reduces database storage costs and dramatically increases application team productivity, improving the returns on database investments and application time to market.
“Today’s enterprises want to take advantage of cloud computing to cut costs and increase agility,” said Jedidiah Yueh, CEO and Founder of Delphix. “Enterprise databases, however, can be challenging to migrate to cloud environments while running in production. With our data synchronization and virtualization technologies, we deliver the right data to the right teams at a fraction of the cost and time, which can accelerate application projects by up to 500 percent while cutting hardware costs by 90 percent.”
Delphix has been awarded multiple industry honors, including ComputerWorld Honors Laureate, Ventana Research Leadership Award in IT Performance Management, AlwaysOn OnDemand Top 100, and RedHerring Top 100 North America.
Delphix enables agile data, transforming the economics of database and application management. Delphix software addresses the single largest source of inefficiency and inflexibility in the modern datacenter—provisioning, managing, and refreshing databases for business-critical applications. Leading global organizations use Delphix to dramatically reduce the time, cost, and risk of application rollouts, simplifying database operations by 100x, while consolidating redundant hardware by 10x. Delphix is located in Menlo Park, California, and is backed by investors including Greylock Partners and Lightspeed Venture Partners. The Delphix Board of Directors includes individuals with board experience at multiple industry leading technology companies including Oracle, Business Objects, Informatica, Riverbed, Imperva, Palo Alto Networks, Sourcefire and Avamar (acquired by EMC).