[February 19, 2013] |
|
Elasticsearch Closes $24M Series B Round and Exceeds Two Million Downloads Milestone
AMSTERDAM, The Netherlands --(Business Wire)--
Elasticsearch,
the company behind the popular real-time search and analytics open
source project, today announced it has secured $24 million in Series B
financing led by Mike Volpi from Index Ventures. The round includes
contributions from existing investor Benchmark
Capital and new investor SV Angel. The company also announced that
it has passed the two million downloads milestone, indicating the
overwhelming demand for a single data search and analytics solution
that's powerful, yet easy to use.
Series B Highlights:
-
The company closed a $24 million Series B round of funding from Index
Ventures, Benchmark Capital and SV Angel. The funds will be used to
improve its ability to meet and support the increase in customer
demand for Elasticsearch by attracting top talent. Furthermore,
Elasticsearch is now in the position to fully execute on its vision
without compromise.
-
The company is one of the fastest-growing open source projects in the
market, with approximately 200,000 downloads per month and a total of
two million downloads to date.
-
Search is changing, and Elasticsearch is driving that change. Today's
search is a combination of real-time free text search, structured
search and advanced analytics capabilities, which allows anyone to
easily explore large volumes of distributed data.
-
Elasticsearch takes the pain out of scaling and maintenance. Built for
a distributed environment, new nodes are provisioned automatically
without any downtime, and rebalancing and routing are done behind the
scenes.
Supporting Quotes - Executives:
-
"What we see today is that search has become the main driver for data
exploration. Real-time, free-text search, structured search and
analytics have become the information backbone for organizations
everywhere. With Elasticsearch, users can now browse through vast
amounts of data and innovate more effectively than ever before."-Shay
Banon, CTO and Creator of Elasticsearch
-
"Since we founded the company, the demand for our support and training
offerings has experienced explosive growth. On a tactical level it's
vital we attract the best talent to support our customers and deliver
on our product engineering ambitions as the adoption of Elasticsearc
continues to accelerate. On a more strategic level, this round of
investment frees us to execute on our vision, whilst adding an
invaluable board member to the team."-Steven Schuurman, CEO,
Elasticsearch
Supporting Quotes - Investors:
-
"Great technology, big market, terrific team - it's no surprise that
we are excited today to announce our investment in Elasticsearch. We
haven't seen momentum like this for an Open Source (News - Alert) project in quite
some time - which is quite exciting. Elasticsearch has the vision to
turn big data into great experiences."-Mike Volpi, Partner, Index
Ventures
-
"Elasticsearch is a product driven company with a mission to delight
users, so it is no surprise that the company has passed two million
downloads. Elasticsearch cares only about developing great technology
that is incredibly easy to use and solves significant challenges.
These are the types of companies on which we are placing our
bets."-Peter Fenton, General Partner, Benchmark Capital
-
"As an early investor in Google (News - Alert), I know how transformative search can
be. Elasticsearch is bringing the power of that kind of search to
companies every day, helping them analyze and understand their own
data quickly and easily."-Ron Conway, Founder, SV Angel
Supporting Quotes - Analyst:
-
"IDC (News - Alert) estimates that the Search and Content Analytics software market
will be $3.2 billion dollars by 2016. Our research is showing that
uses of search are expanding, with newer search applications unifying
access to both data and content and that the use of open search
solutions within enterprises is growing. Elasticsearch, with its
recent announcements, is well positioned to take advantage of both of
these trends."-Dave Schubmehl, Research Director, IDC
Supporting Quotes - Customers:
-
"Elasticsearch is all about scale for us. At Foursquare (News - Alert), we handle
tens of millions of searches across 50 million locations each day.
Elasticsearch returns real-time results, which encourages more usage
and deeper engagement."-Andrew Hogue, Head of Search, Foursquare
-
"SoundCloud is an open platform that reaches over 180 million people,
equating to 8% of the entire Internet population, every month. We
connect people through sound by making it easy to discover and share
audio and music once it has been created. Elasticsearch allows us to
provide our engaged community with immediate, relevant results while
offering us a continued path for scaling, consistency, and
reliability."-Alexander Grosse, Vice President of Engineering,
SoundCloud
-
"We search 40,000,000,000 (forty billion) lines of code in real-time
with Elasticsearch. We haven't seen that kind of scale or performance
with any other search solution."-Kevin Gessner, Kiln Team Lead, Fog
Creek Software
Resources:
Video:
Meet the Elasticsearch Founders
Customer
video: Fog Creek Uses Elasticsearch
Blog:
Elasticsearch CEO Steven Schuurman and CTO Shay Banon
Blog:
Index Venture's Mike Volpi
IDC
Vendor Report on Elasticsearch
About Elasticsearch:
Elasticsearch is on a mission to organize data and make it easily
accessible. We deliver the world's most advanced open source search and
analytics engine available and make real-time data exploration available
to anyone. By having a laser focus on achieving the best user experience
imaginable, Elasticsearch has become one of the most popular and rapidly
growing open source solutions in the market. Today, Elasticsearch is
used by thousands of enterprises in virtually every industry. We take
good care of our customers and users, providing production support,
development support and training worldwide. To learn more, visit www.elasticsearch.com.
[ Back To TMCnet.com's Homepage ]
|