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Yugabyte stores up $188M more for its open-source distributed SQL database model, now valued at $1 3B+ – TechCrunch

Today’s world is run on data, and the amount of it that is being produced, managed and used to power services is growing by the minute — to the tune of some 79 zettabytes this year, according to one estimate. Today, a company called Yugabyte, which has built an open-source distributed SQL database model to […]

High-performance database startup Yugabyte raises $188M in new funding round

High-performance database startup Yugabyte raises $188M in new funding round
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YugabyteDB 2 4 Expands Distributed SQL Features to Support More Cloud Native Workloads – Consumer Electronics Net

2 months ago Distributed database enables mission-critical applications to run at scale with enterprise-grade SLAs and security SUNNYVALE, Calif.–(BUSINESS WIRE)–Yugabyte, the leader in open source distributed SQL databases, today announced the general availability of YugabyteDB 2.4 with hardened enterprise-grade security features, enhanced multi-region deployment capabilities, and performance improvements. The newest iteration of Yugabyte’s open source database improves on the existing high availability, horizontal scalability, and ease-of-use characteristics of YugabyteDB, furthering the company’s mission of providing the default distributed SQL database for cloud-native applications in a multi-cloud world. As enterprises deploy applications across multiple geographic regions and clouds, they often struggle to provide the efficiency and scalability needed to meet global user demands while simultaneously complying with local data regulation

What happens when you open source everything?

What happens when you open source everything? Many open source software companies embraced the open core model to increase revenues. Yugabyte found greater rewards leaving open core behind Credit: Dreamstime Chef co-founder Adam Jacob argues you should follow his lead and go all in on open source. Not open source “Community” with paid-for “Enterprise” bits. Open. Source. It. All. Sounds great. But what will it mean for your business? Sure, you want to be popular with the open sourcerors, but you’ve got employees to care for, VCs that need another Aston Martin, and a crippling lease on now-useless office space in Palo Alto. Is there any proof that a 100 per cent open source approach actually works?

What happens when you open source everything?

Making software work Over the past decade, many companies have started with open source but turned to proprietary software licensing as a way to generate revenue. Yugabyte, which provides an open source, distributed SQL database, did exactly the opposite. It started with a blended open source and proprietary model, and shifted to 100% open source in early 2019. This wasn’t done to be cool. There was a “well-thought out strategy” behind it, Ranganathan said, one that depended on a key insight into how customers valued software. “We felt enterprises care more about. getting the database operational and getting it to work in production and making sure it runs really well,” Ranganathan said, “rather than just paying to acquire the software.”

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