Founded by long-time Silicon Valley software engineer software engineer Avinash Lakshman, this latest round of venture funding comes within two months of the software-defined storage company raising $12.5 million in a combined seed and Series A round. The company’s existing investors True Ventures and Atlantic Bridge also participated in the latest funding round.
Total funding in Hedvig, which launched in 2012, now stands at around $30.5 million. The latest infusion of capital will be used to fund research and development, customer support and sales.
Lakshman founded Hedvig after having co-created Dynamo, a NoSQL database that inspired Amazon DynamoDB and is now part of Amazon Web Services. He also developed Cassandra for Facebook Inc, a widely used NoSQL database that was later put into open source.
NoSQL, meaning “not only SQL” in reference to the SQL database language, is more flexible than SQL. This is due to its ability to accommodate data structured in different ways.
Hedvig’s flagship product, the Hedvig Distributed Storage Platform (HDSP), is a software that consolidates storage, regardless of data type or geographic location into a virtualised pool.
According to Vertex Ventures general partner In Sik Rhee, HDSP runs on x86-based hardware, which is low-cost and comparable to Cassandra.
Official statements claim that in terms of usability, it is as simple as Amazon Web Services.
According to Lakshman, Hedvig’s product is ready to enter the market and has been successfully deployed with large enterprise customers in the retail and financial sectors, as well as in iron ore mining and other industries.