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- Yugabyte
Yugabyte Valuation, Funding & Investors
Yugabyte is valued at $1.3B as of October 2021.
Last Yugabyte valuation
$1.3B
Series C · Oct 2021
Last Yugabyte funding round
$188M
Series C · Oct 2021
Cumulative funding Yugabyte raised
$291M
across 5 funding rounds
Key investors in Yugabyte
Lightspeed Venture Partners
Dell Technologies Capital
8VC
Wipro Ventures
Sapphire Ventures
Meritech Capital Partners
About Yugabyte
Yugabyte is a Sunnyvale-headquartered company developing YugabyteDB, an open-source distributed SQL database compatible with PostgreSQL. Founded in 2016 under Apache 2.0 license, it supports cloud-native deployments on AWS, Azure, and Google Cloud for global-scale applications with automatic sharding and fault tolerance.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.3B (Oct 2021)
Yugabyte Valuation
Yugabyte is currently valued at $1.3B, based on its Series C in October 2021.
The $188M round was led by Sapphire Ventures, with participation from 8VC, Wells Fargo Strategic Capital, Lightspeed Venture Partners, Alkeon Capital, Dell Technologies Capital and 2 other investors.
Yugabyte valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Series C | $1.3B |
Yugabyte Funding History
Yugabyte has raised a total of $291M across 5 funding rounds.
Yugabyte's first fundraising round was a $8M Series A in February 2016. The most recent completed round was a $188M Series C in October 2021.
Yugabyte funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series C | Sapphire Ventures (lead); 8VC; Wells Fargo Strategic Capital; Lightspeed Venture Partners; Alkeon Capital; Dell Technologies Capital; Wipro Ventures; Meritech Capital Partners | $188M | $1.3B | Yugabyte develops YugabyteDB, an open-source distributed SQL database compatible with PostgreSQL, designed for cloud-native environments to provide resilient, scalable data storage across public, private, hybrid clouds, or Kubernetes. The company launched its cloud database service Yugabyte Cloud shortly before the funding announcement, targeting enterprises undergoing digital transformation in retail, financial services, and telecommunications, with customers including Wells Fargo, Kroger, and Hudson River Trading. On October 28, 2021, Yugabyte closed an oversubscribed $188 million Series C funding round led by Sapphire Ventures, with participation from Alkeon Capital, Meritech Capital Partners, Wells Fargo Strategic Capital, and existing investors Lightspeed Venture Partners, 8VC, Dell Technologies Capital, and Wipro Ventures. This round brought total funding to over $290 million since the prior $48 million raise in March 2021, boosting post-money valuation to more than $1.3 billion. Sapphire President Jai Das joined the board. Proceeds will expand field and engineering teams, accelerate product development for Yugabyte Cloud, and drive global market expansion amid strong enterprise demand. The funding supports scaling go-to-market efforts and enhancing operational experiences for running YugabyteDB in diverse infrastructures. |
| Mar 2021 | Series B | Lightspeed Venture Partners (lead); Greenspring Associates; 8VC; Dell Technologies Capital; Wipro Ventures | $48M | - | Yugabyte develops YugabyteDB, an open-source distributed SQL database compatible with PostgreSQL, designed for cloud-native applications across multi-cloud and Kubernetes environments. The company raised $48 million in a Series B-II round around March 2021, following a $30 million raise in June 2020, bringing total funding to $103 million at that time; investors included Lightspeed Venture Partners (lead for prior rounds), 8VC, Dell Technologies Capital, and Wipro Ventures, though Greenspring Associates not explicitly listed for this round. The funding aimed to double headcount in 2021 and accelerate growth amid rising demand for scalable, resilient databases. Seven months later in October 2021, Yugabyte closed an oversubscribed $188 million Series C led by Sapphire Ventures, with participation from Alkeon Capital, Meritech Capital, Wells Fargo Strategic Capital, and existing backers Lightspeed, 8VC, Dell, and Wipro, valuing the company at over $1.3 billion and pushing total funding past $290 million. Yugabyte reported approaching 50 commercial customers by late 2021, including Wells Fargo, Kroger, and Hudson River Trading, with 1,200 organizations signing up for Yugabyte Cloud beta. Funds from both rounds supported engineering and field team expansion, global market entry, and enterprise adoption of Yugabyte Cloud for streamlined database operations. |
| Jun 2020 | Series B | 8VC (lead); Lightspeed Venture Partners; Dell Technologies Capital; Wipro Ventures | $30M | - | Yugabyte develops a cloud-native, distributed SQL database (YugabyteDB) that supports high-performance, horizontally scalable, and strongly consistent global applications, compatible with PostgreSQL. Founded in 2016 and headquartered in Sunnyvale, California, the company targets transactional workloads in cloud environments, addressing enterprise needs for multi-cloud and hybrid deployments. The specified Series B round raised $30 million around June 9, 2020 (approximate date 09/06/2020), led by 8VC with participation from Lightspeed Venture Partners, Dell Technologies Capital, and Wipro Ventures. This brought total funding to $55 million at the time. Funds were intended to scale engineering efforts, accelerate product development, enhance database performance for large-scale deployments, and drive enterprise adoption amid increased cloud migration urgency during COVID-19. Leadership changes accompanied the round: former Pivotal president Bill Cook became CEO, Kannan Muthukkaruppan transitioned to president, and Scott Yara joined the board. The investment reflected momentum in open-source database adoption for cloud-native applications. Subsequent rounds included a $48 million Series B extension in March 2021 (Lightspeed leading, with Greenspring Associates and others) for global expansion and cloud innovation, followed by a $188 million Series C in September/October 2021 (Sapphire Ventures leading), valuing the company at $1.3 billion and bringing total funding to $290+ million. |
| Jun 2018 | Series A | Dell Technologies Capital (lead); Lightspeed Venture Partners (lead) | $17M | - | In June 2018, Yugabyte closed a Series A funding round of $16 million led by Dell Technologies Capital and Lightspeed Venture Partners. The round supported the company's efforts to expand its open-source distributed SQL database platform, which allows developers to build cloud-native applications without vendor lock-in across multiple cloud providers including Amazon, Microsoft, and Google. The database uniquely combined support for Apache Cassandra and Redis APIs alongside PostgreSQL compatibility, offering a solution that merged relational and post-relational database capabilities. |
| Feb 2016 | Series A | Lightspeed Venture Partners (lead); Jeff Rothschild | $8M | - | Yugabyte, founded in 2016 by former Facebook and Oracle engineers, develops YugabyteDB, an open-source, cloud-native distributed SQL database for mission-critical applications with high performance, horizontal scalability, and cloud-native agility. Headquartered in Sunnyvale, California, the company targets enterprises in cybersecurity, financial markets, IoT, retail, and e-commerce. In its Series A round, Yugabyte raised $8 million led by Lightspeed Venture Partners with participation from angel investors including Jeff Rothschild. The funding supported expansion of engineering efforts and acceleration of product development. Lightspeed Venture Partners invested in 2016 at the Series A stage. Subsequent rounds included a $16 million investment in 2018 co-led by Dell Technologies Capital and Lightspeed Venture Partners, bringing total funding to $24 million at that point. A $30 million Series B followed in 2020 led by 8VC with Lightspeed, Dell Technologies Capital, and Wipro Ventures. |
Who has invested in Yugabyte?
10 investors have backed Yugabyte across its funding rounds, including Lightspeed Venture Partners, Dell Technologies Capital, 8VC, Wipro Ventures, Sapphire Ventures and Meritech Capital Partners.
Lead investors include Sapphire Ventures, Lightspeed Venture Partners, 8VC and Dell Technologies Capital.
Yugabyte Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Feb 2016 | ||
| 4 | Lead | Jun 2018 | ||
| 3 | Lead | Jun 2020 | ||
| 3 | Participant | Jun 2020 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Feb 2016 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Lead | Oct 2021 | ||
This data is available for Pro users. Sign up to see all 10 Yugabyte investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialYugabyte Competitors
Yugabyte competitors include listed companies like TRS Information Technology and Transwarp, and private ones like Snorkel AI, LangChain, Firebolt and Qumulo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $20M | - | $1.3B | 65.0x | ||
| Private | $12M | - | $1.3B | 104.2x | ||
| Private | - | - | $1.4B | - | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x | ||
| Publicly listed | $67M | ($31M) | $1.9B | 28.0x |
Yugabyte Public Comps
Yugabyte is still privately-owned, but its public comps include TRS Information Technology, e-Hualu, Transwarp, Business-intelligence, BTQ Technologies, Zhongfu Information, Datavault AI, Asteria, Airship AI and AgEagle Aerial Sys.
| 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 | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
| $226K | ($18M) | 1720.6x | 266.9x | (21.8x) | - | |||
| $108M | $1M | 3.4x | 2.7x | 359.0x | - | |||
| $39M | ($49M) | 4.1x | 1.1x | (3.3x) | (7.9x) | |||
| $22M | $9M | 4.7x | 4.8x | 11.8x | - | |||
This data is available for Pro users. Sign up to see all Yugabyte competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Yugabyte
| When was Yugabyte founded? | Yugabyte was founded in 2016. |
| Where is Yugabyte headquartered? | Yugabyte is headquartered in San Francisco, CA, United States. |
| Is Yugabyte publicly listed? | No, Yugabyte is a private, VC-backed company. |
| What is Yugabyte's valuation? | Yugabyte was last valued at $1.3B in its Series C in October 2021. |
| How much funding has Yugabyte raised? | Yugabyte has raised $291M across 5 funding rounds. |
| What was Yugabyte's last funding round? | Yugabyte's last funding round was a $188M Series C in October 2021, led by Sapphire Ventures. |
| Who are Yugabyte's investors? | Yugabyte's investors include Lightspeed Venture Partners, Dell Technologies Capital, 8VC, Wipro Ventures, Greenspring Associates, Jeff Rothschild, Wells Fargo Strategic Capital, Sapphire Ventures, Alkeon Capital and Meritech Capital Partners. |
| Which companies are comparable to Yugabyte? | Companies comparable to Yugabyte include Snorkel AI, LangChain, Firebolt, Qumulo, TRS Information Technology and Transwarp. |
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