Enterprise Software - Monday, February 12, 2007
Kleiner Invests in Database Legend's Michael Stonebraker's Latest Startup - Vertica
Database man-among-boys Michael Stonebraker is back it again, having just raised $16.5M from Kleiner Perkins, says PE Wire, for his latest startup - Vertica - which is still in Beta. Kleiner was joined by return backers Bessemer Venture Partners and Highland Capital Partners.
Founded in 2005, Vertica has developed a new grid-enabled, column-oriented relational database management system that runs on Linux-based hardware. The Vertica Database provides extremely fast ad hoc SQL query performance for very large databases. Target applications are: data warehousing and data marts, clickstream analysis, fraud detection, consumer customer analytics business intelligence and other query-intensive applications.
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