First Round Capital and Ron Conway Invest in Aster Data Systems
Redwood City, Calif. – February 16, 2006 – Aster Data Systems, a Silicon Valley based company addressing fast growing data environments by building high-performance, ultra-scalable, affordable data analytics solutions for the enterprise, has received a significant investment from First Round Capital and noted angel investor, Ron Conway.
First Round Capital is an early stage venture capital firm managed by Josh Kopelman, founder of Half.com and Howard Morgan, a founder of Idealab. Ron Conway was the founding general partner at Angel Investors, and was an early investor in many start-ups including Google, PayPal, and Ask Jeeves.
The infusion of new capital will allow Aster to expand engineering and continue to realize the company's vision. “We are extremely pleased that Ron Conway and First Round Capital have recognized the potential of Aster's technology and have decided to invest in Aster,” said Mayank Bawa, CEO and co-founder, Aster Data Systems. “Both Ron and Josh bring deep insights and experience in creating successful companies. We're looking forward to working closely with them.”
About Aster Data Systems
Aster Data Systems, Inc. is an early-stage stealth-mode startup company building high-performance, ultra-scalable, affordable data analytics solutions for the enterprise. The company is based in Redwood City, CA and was founded by three Ph.D. students from the Computer Science Department at Stanford University. The Aster database is based on a number of unique, patent-pending innovations.