Sequoia Capital Leads Aster Data Systems Series a Funding
Redwood City, Calif. – May 19, 2007 – Aster Data Systems, a Silicon Valley based company addressing fast growing data environments by transforming off-the-shelf, commodity hardware into a powerful, self-managing, and scalable analytic database, revealed it has secured Series A financing led by Sequoia Capital. The company plans to use the capital to evolve Aster's analytic software platform.
“We see an incredible opportunity for the adoption of Aster's unique architecture for businesses to use data to better understand their customers, manage risk and increase profit and efficiency,” said Doug Leone, Managing Partner of Sequoia Capital. “We're delighted to invest in Aster.”
“Sequoia Capital's backing gives us a great endorsement of our accomplishments to date and the potential of our vision for the future,” said Aster Data's CEO and Co-Founder, Mayank Bawa. “We're looking forward to helping companies who need to leverage their exponentially increasing data.”
About Aster Data Systems
Aster Data Systems is a proven innovator in massively parallel processing (MPP) databases for data warehousing and analytics – bringing deep insights on massive data analyzed on clusters of commodity hardware. Co-founded by three colleagues in the Stanford Computer Science Ph.D. program, Aster's nCluster database provides patent-pending innovations in scalability, manageability, availability, and analytics. Aster is headquartered in Redwood City, California and is backed by Sequoia Capital, Cambrian Ventures, and First-Round Capital.
About Sequoia Capital
Since 1972, Sequoia Capital has provided early stage and growth stage venture capital for very smart founders and executives who have turned great ideas into sustainable companies of enduring value. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with accomplished innovators and operators who built great franchises such as Apple Computer, Cisco Systems, Flextronics, Google, Informix, Linear Technology, LSI Logic, Microchip, NetScaler, NetScreen, Network Appliance, nVidia, Oracle, PayPal, Redback Networks, Yahoo! and YouTube. To learn more about Sequoia Capital visit www.sequoiacap.com.