Xeround, a cloud database startup, raises $9.3 million in funding from Benchmark and other investors.

Xeround Brings Total Funding to Over $30 Million

Xeround, a database virtualization startup, has secured $9.3 million in Series C funding from Benchmark Capital, Giza Venture Capital, Ignition Partners, and Trilogy Partnership. This significant investment brings the company’s total funding to over $30 million.

Cloud Database-as-a-Service for MySQL-based Applications

Xeround offers a cloud database-as-a-service specifically designed for MySQL-based applications. Currently, the service is available for EC2 MySQL databases, Rackspace-MySQL, and Heroku-MySQL applications. Xeround’s cloud database allows service providers, ISVs (Independent Software Vendors), and customers to run their applications in the cloud while ensuring availability during failure or schema changes.

Key Features of Xeround’s Cloud Database:

• Auto-scaling: Xeround’s cloud database automatically scales up or down based on application requirements.
• Elastic-usage: The service provides flexible pricing, allowing customers to pay only for the resources they use.
• High availability: Xeround guarantees continuous service during schema changes, resource modifications, and scaling processes.
• Multi-tenancy: The cloud database supports multiple applications and tenants.

Competitor Salesforce’s Database.com

Xeround competes with Salesforce’s Database.com, which offers a similar cloud database-as-a-service. However, Xeround’s focus on MySQL-based applications sets it apart from its competitor.

How Xeround Plans to Utilize the Funding:

• Expanding Cloud Database Solution: The funding will be used to further develop and expand Xeround’s cloud database solution.
• Marketing and Sales Operations: Xeround plans to invest in marketing and sales efforts to increase customer acquisition and retention.

Growing Customer Base

Xeround’s service currently has hundreds of paying customers, demonstrating its growing popularity among application developers and providers.

Conclusion:

The funding secured by Xeround will enable the company to further develop its cloud database solution and expand its market presence. With a focus on auto-scaling, elastic-usage, high availability, and multi-tenancy, Xeround is well-positioned to compete in the growing market for cloud databases.

About the Author:

Leena Rao is a Senior Writer at Fortune Magazine, with experience as an Operating Partner at Google Ventures. She has a background in journalism, having worked at TechCrunch and contributing technology content for Oprah.com.

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