Aster Data raises another $12M – call me recession-proof

10 days ago we held an open meetup with Tassos Argyros in Athens downtown, he appeared to be more than sound and confident on moving from great to tremendous success for the company he co-founded.

Today exactly that kind of news broke out (official blog post is here): Aster Data raised a $12M second round of funding (right in the middle of recession), making them $22M in total since they started a couple of years ago. With investors like Sequoia Capital, Cambrian and JAFCO Ventures, already serving customers like MySpace, Akamai and Microstrategy, while standing on the shoulders of open source software and state-of-the-art academic research, we do believe that Aster Data and its 50 employees (core management (update: and development) team located in the Valley, the majority being developers in India, next to a capable sales team spread over the US, with Europe following soon) are on their way to become the next default solution to the omnipresent problem of handling big databases.

So, you’d better get prepared to receive that good or even better news about Aster Data in the near future, till then big congratulations to Tassos and the team for the raise!

3 comments

  1. Thanks for the very kind post words, George!

    I just wanted to make one minor clarification. All of our development team is in our corporate offices in Redwood City, California, US. We occasionally get some help from partners in India for technical product documentation, but the core engineering is from a very strong and local team where they can collaborate directly with our customers and business team.

    We hope to share more positive news soon!

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