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- DataStax
DataStax Valuation, Funding & Investors
DataStax is valued at $1.6B as of June 2022.
Last DataStax valuation
$1.6B
Undisclosed stage · Jun 2022
Last DataStax funding round
$115M
Undisclosed stage · Jun 2022
Cumulative funding DataStax raised
$304M
across 4 funding rounds
Key investors in DataStax
Lightspeed Venture Partners
Crosslink Capital
Scale Venture Partners
Meritech Capital Partners
Goldman Sachs Growth Equity
DFJ Growth
About DataStax
DataStax is a Santa Clara-headquartered enterprise software company specializing in distributed databases for generative AI applications. Its Astra DB offers serverless vector search, real-time data ingestion, and Kubernetes-native deployment with integrations to LangChain, Apache Cassandra, and NVIDIA AI Enterprise. Founded in 2008, DataStax supports Fortune 500 clients like Netflix, Intuit, and Barclays through Astra Streaming for event-driven architectures and OpsCenter for database management. The platform handles petabyte-scale workloads with built-in security features compliant with GDPR and SOC 2.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription, Usage-based
Valuation
$1.6B (Jun 2022)
DataStax Valuation
DataStax is currently valued at $1.6B, based on its undisclosed-stage round in June 2022.
The $115M round was led by Goldman Sachs Growth Equity, with participation from OnePrime Capital, EDBI, Crosslink Capital, Rokos Capital Management and Meritech Capital Partners.
DataStax's valuation has grown 1.9x from $830M at its Series E in September 2014 to $1.6B in June 2022, across 3 priced rounds.
DataStax valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2022 | Undisclosed stage | $1.6B |
| May 2021 | Series F | $1.2B |
| Sep 2014 | Series E | $830M |
DataStax Funding History
DataStax has raised a total of $304M across 4 funding rounds.
DataStax's first fundraising round was a $45M Series D in July 2013. The most recent completed round was a $115M undisclosed-stage round in June 2022.
DataStax funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Undisclosed stage | Goldman Sachs Growth Equity (lead); OnePrime Capital; EDBI; Crosslink Capital; Rokos Capital Management; Meritech Capital Partners | $115M | $1.6B | DataStax is a real-time data company providing distributed NoSQL database software and cloud database-as-a-service solutions based on open-source Apache Cassandra. The company's primary offerings include Astra DB, a serverless multicloud database, and Astra Streaming, a message and event streaming service. The company serves hundreds of large enterprises including Verizon, The Home Depot, Audi, Capital One, and ESL Gaming. In June 2022, DataStax closed a $115 million Series F-2 funding round led by Goldman Sachs Asset Management's Growth Equity business, achieving a post-money valuation of $1.6 billion. This represented a 33 percent premium over the company's previous valuation one year earlier. Co-investors included Rokos Capital Management (through its CM Private Markets fund), EDB Investments, and existing investors Crosslink Capital, Meritech Capital Partners, and OnePrime Capital. At the time of the round, DataStax demonstrated strong momentum. The company reported 350 percent year-over-year growth in its first quarter of 2022, with Astra DB contributing 50 percent of new annual recurring revenue and growing 350 percent year-over-year. The company also achieved a nearly 120 percent net dollar expansion and over 90 percent gross dollar retention year-over-year. DataStax supported approximately 800 customers and announced it would use the fresh capital to accelerate development of Astra DB and Astra Streaming. The funding reflected strong investor confidence in DataStax's market position, particularly impressive given the broader technology market downturn in 2022. CEO Chet Kapoor stated the company aimed to eventually reach $1 billion in revenue and positioned DataStax to capitalize on enterprise demand for real-time data solutions across industries including e-commerce, IoT, and digital applications. |
| May 2021 | Series F | Goldman Sachs Growth Equity (lead); Empede Capital | $38M | $1.2B | DataStax is a Santa Clara, California-based database company providing real-time data solutions built on Apache Cassandra. The company specializes in the Astra DB multicloud database and Astra Streaming services for application developers. DataStax has raised over $340 million in total funding across multiple rounds since its founding in 2010. In the first quarter following the 2022 round, Astra DB achieved 350 percent year-over-year sales growth and contributed to 50 percent of the company's new annual recurring revenue, while the company reported a nearly 120 percent net dollar expansion and over 90 percent gross dollar retention year-over-year. |
| Sep 2014 | Series E | Kleiner Perkins (lead); ClearBridge Investments; Scale Venture Partners; Comcast Ventures; Wasatch Advisors; Premji Invest; DFJ Growth; Lightspeed Venture Partners; Cross Creek | $106M | $830M | DataStax, the enterprise provider of Apache Cassandra, a distributed NoSQL database, raised $106 million in its Series E funding round on September 4, 2014, led by Kleiner Perkins Caufield & Byers. New investors included ClearBridge Investments, Cross Creek Advisors, Wasatch Funds, PremjiInvest, and Comcast Ventures, with participation from existing investors such as Lightspeed Venture Partners and Scale Venture Partners. The round, facilitated by Goldman Sachs, brought total funding to $190 million, following $84 million in prior rounds including Series D ($45.3M in July 2013 led by Scale Venture Partners). DataStax offered commercial support, security, search, monitoring, and application-building tools atop the open-source Cassandra project, serving over 400 customers in 50 countries including Netflix, Adobe, Intuit, and eBay. The funding aimed to enhance product offerings, expand globally, and capitalize on the shift from relational to NoSQL databases for scalable workloads. The company, founded in 2010 by Jonathan Ellis (CTO) and Matt Pfeil (chief customer officer) in Austin, TX before moving to Santa Clara, CA, addressed enterprise needs unmet by the free Cassandra project. Investors highlighted DataStax's leadership in agile, always-on database technology amid rapid application development trends. |
| Jul 2013 | Series D | Scale Venture Partners (lead); NextWorld Capital; DFJ Growth; Lightspeed Venture Partners; Bain Capital Ventures; Crosslink Capital; Meritech Capital Partners | $45M | - | DataStax, the commercial provider of Apache Cassandra, a distributed NoSQL database designed for scalability in cloud and big data applications, raised $45 million in its Series D funding round on July 23, 2013. The round was led by Scale Venture Partners, with participation from Lightspeed Venture Partners, Crosslink Capital, Meritech Capital Partners, DFJ Growth, and Next World Capital, bringing total funding to $84 million. The investment aimed to fuel international expansion, channel growth, sales and marketing, and product development, while supporting the open-source Cassandra community. DataStax's flagship product, DataStax Enterprise, offers an enhanced, secure version of Cassandra with enterprise support, enabling high availability and scalability for mission-critical applications. Customers including Adobe, eBay, Netflix, and Healthcare Anytime relied on it for resilient data management, particularly during events like Hurricane Sandy. The company positioned itself to disrupt traditional relational database management systems (RDBMS) in the growing enterprise NoSQL market, projected by Forrester Research to expand from $200 million in 2013 to $1 billion by 2017. DataStax sold directly and partnered with systems integrators like Accenture for integration, business intelligence, and services. CEO Billy Bosworth highlighted preparations for a potential IPO, emphasizing internal policies and favorable market conditions, though no specific timeline was set. The funding exceeded all prior capital raised, underscoring strong investor confidence in DataStax's momentum with enterprise customers and European expansion. |
Who has invested in DataStax?
18 investors have backed DataStax across its funding rounds, including Lightspeed Venture Partners, Crosslink Capital, Scale Venture Partners, Meritech Capital Partners, Goldman Sachs Growth Equity and DFJ Growth.
Lead investors include Goldman Sachs Growth Equity, Kleiner Perkins and Scale Venture Partners.
DataStax Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2013 | ||
| 2 | Participant | Jul 2013 | ||
| 2 | Participant | Jul 2013 | ||
| 2 | Lead | May 2021 | ||
| 2 | Participant | Jul 2013 | ||
| 2 | Participant | Jul 2013 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Lead | Sep 2014 | ||
| 1 | Participant | Sep 2014 | ||
| 1 | Participant | Sep 2014 | ||
| 1 | Participant | Sep 2014 | ||
| 1 | Participant | Jul 2013 | ||
| 1 | Participant | Sep 2014 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by DataStax
DataStax has acquired 6 companies to date.
Last acquisition by DataStax was on April 4th 2024. DataStax acquired Langflow for undisclosed valuation.
Latest Acquisitions by DataStax
| Description | Langflow is a Zurich-based open-source platform for developing retrieval-augmented generation applications. The visual drag-and-drop interface integrates with LangChain components, vector databases like Pinecone, and LLMs from OpenAI and Hugging Face. Used by over 10,000 developers, it enables deployment of AI agents and chatbots through Python-based workflows hosted on GitHub. | Kaskada is a San Francisco-headquartered machine learning platform specializing in feature engineering for data teams. Its cloud service enables collaborative pipelines for real-time feature computation and storage, integrating with warehouses like Snowflake and Databricks. Kaskada supports production ML models at scale for clients in e-commerce and finance. | Kesque operates a fully managed cloud messaging service built on Apache Pulsar for high-throughput, low-latency data streaming. The platform supports multi-tenancy, geo-replication, and exactly-once semantics for enterprise applications. Kesque handles petabyte-scale workloads with features like tiered storage and segmented topics. It serves developers building real-time analytics, IoT pipelines, and microservices architectures. | The Last Pickle is a consulting firm delivering Apache Cassandra database solutions for high-scale applications. Services include data modeling, cluster architecture, performance optimization, and migration from relational systems. Melbourne-headquartered, it contributes to Cassandra open-source projects and hosts workshops at summits. Clients in finance, gaming, and e-commerce rely on its expertise for handling petabyte-scale workloads with 99.999% uptime. | |
| HQ Country | |||||
| HQ City | Uberlândia | Seattle, WA | Ottawa | Wellington | |
| Deal Date | 4 Apr 2024 | 12 Jan 2023 | 27 Jan 2021 | 4 Mar 2020 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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DataStax Competitors
DataStax competitors include listed companies like TRS Information Technology, Airship AI and Snowflake, and private ones like WEKA, ASAPP and Axiom Math AI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $1.6B | 16.0x | ||
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x | ||
| Publicly listed | $15M | ($5M) | $67M | 3.6x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x | ||
| Private | - | - | $1.6B | - | ||
| Private | - | - | $1.6B | - |
DataStax Public Comps
DataStax is still privately-owned, but its public comps include TRS Information Technology, Wenge AI, C3.ai, PCITECH, Fractal Analytics, Transwarp, Business-intelligence, Haizhi, Appier Group and Rackspace.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $60M | ($20M) | 27.6x | - | (82.7x) | - | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $1.5B | $53M | 0.8x | 0.9x | 24.1x | - | |||
| $344M | $50M | 3.7x | 3.4x | 25.8x | 21.0x | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
| $93M | ($30M) | 21.5x | 16.3x | (67.1x) | (440.4x) | |||
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Common questions about DataStax
| When was DataStax founded? | DataStax was founded in 2010. |
| Where is DataStax headquartered? | DataStax is headquartered in San Jose, CA, United States. |
| Is DataStax publicly listed? | No, DataStax is a private, VC-backed company. |
| What is DataStax's valuation? | DataStax was last valued at $1.6B in its undisclosed-stage round in June 2022. |
| How much funding has DataStax raised? | DataStax has raised $304M across 4 funding rounds. |
| What was DataStax's last funding round? | DataStax's last funding round was a $115M undisclosed-stage round in June 2022, led by Goldman Sachs Growth Equity. |
| Who are DataStax's investors? | DataStax's investors include Scale Venture Partners, DFJ Growth, Lightspeed Venture Partners, Goldman Sachs Growth Equity, Crosslink Capital, Meritech Capital Partners, OnePrime Capital, Kleiner Perkins, ClearBridge Investments, Comcast Ventures and 8 others. |
| Which companies are comparable to DataStax? | Companies comparable to DataStax include WEKA, TRS Information Technology, Airship AI, Snowflake, ASAPP and Axiom Math AI. |
| How many companies has DataStax acquired? | DataStax has acquired 6 companies, including Langflow, Kaskada, Kesque, The Last Pickle and DataScale. |
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