附近上门

Big valuations aren鈥檛 dead yet in the venture world.

Santa Clara, California-based data company locked up a $115 million round led by the growth equity business within that values the company at $1.6 billion.

The valuation represents a 33% premium over the venture round led by Goldman it raised about a year ago.

The new round also included participation from the CM Private Markets fund advised by , and existing investors , , l and other current investors.

Founded in 2010, DataStax has raised more than $340 million to date, according to 附近上门 data.

The fresh cash comes just a month after the company 350% year-to-year sales growth after its first quarter. DataStax will use the proceeds to accelerate development of its Astra DB multicloud database and its Astra Streaming message and event streaming service.

Through the last few years, DataStax has transformed itself from a layer that sits on top of Apache Cassandra databases to a real-time data offering for application developers that removes database restrictions.

“Today鈥檚 market leaders run their business with real-time data to create instant intelligence and drive actions,鈥� said , managing director at Goldman Sachs, in a . “That’s exactly what DataStax empowers companies to do, and why we are excited to support the next generation of digital applications with our investment.鈥�

The round also represents a nice tranche of cash for venture-backed companies in the database software and hardware sector. , this year has been slow for such startups.

While last year saw more than $4.7 billion in venture dollars go to startups in the sector in 168 deals, so far this year that funding has slowed to only about $1.5 billion in 61 deals.

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