RainStor, a provider of database solutions for Big Data, has raised $12 million. The new funding will be used to accelerate engineering, expand a team and target marketing at Big Data market serving financial services, government, communications and other sectors driving the Big Data wave. RainStor provides a database, which enables the enterprise to manage and analyze petabyte scale at the lowest total cost. RainStor’s database has been adopted by over 100 global enterprises. Customers can flexibly deploy RainStor across a variety of low cost scalable hardware platforms including SAN, NAS, CAS in addition to Cloud and operates natively on Apache Hadoop. RainStor provides analytic and query access via standard SQL, popular BI tools and native MapReduce when running on HDFS.
This venture deal is an another evidence that the Big Data enters a phase of explosive growth, the following market studies support this point: