By Instaclustr Wednesday 22nd August 2018

CIO Dive: Instaclustr Announces $15 Million Growth Equity Investment from Level Equity

News

Investment will support the expansion of Instaclustr’s managed platform for open source big data technologies

Palo Alto, California – August 16, 2018 – Instaclustr, the leading provider of completely managed solutions for scalable open source technologies, today announced it has raised $15 million from Level Equity, the New York City-based private investment firm. The funding provides Instaclustr with capital to accelerate expansion of its managed platform of core open source technologies. Instaclustr – now serving more than 100 customers from various industries – will double its headcount over the next year. Instaclustr’s revenues have grown 300% over the last 24 months and this pace is expected to continue.
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