News > Lightspeed Ventures, Wipro Ventures, others invest $48 mn in Yugabyte

Lightspeed Ventures, Wipro Ventures, others invest $48 mn in Yugabyte

US-based SQL database developer Yugabyte has raised a $48 million funding led by Lightspeed Venture Partners with additional participation by Greenspring Associates, Dell Technologies Capital, Wipro Ventures, and 8VC.

YugabyteDB is the open-source SQL database for building global, internet-scale applications. With the increasing demand for cloud-native relational database management systems to ensure data is always available, enterprise adoption of YugabyteDB continues to accelerate particularly in the e-commerce, financial services, and telecommunications verticals.