ScaleGrid Raises Growth Equity Round from Spotlight Equity Partners to Accelerate Expansion and Further Invest in Product Roadmap

PALO ALTO, Calif., July 20, 2021 /PRNewswire/ — ScaleGrid, a leading Database-as-a-Service (DBaaS) provider with its headquarters in Palo Alto, CA and with offices in Bangalore, India and Vancouver, Canada, today announced a growth equity round led by private equity firm Spotlight Equity Partners to support its growth in the managed databases market. ScaleGrid provides fully managed database hosting solutions for MySQL, PostgreSQL, Redis, MongoDB® Database and Greenplum on both private and public clouds. The managed database market is a rapidly expanding market, and, according to Gartner, is expected to account for 50% of the total database management system market revenue by 2023. Gartner also projects that by 2022, 75% of all databases will reside in the cloud.

ScaleGrid Logo - Shared MongoDB Hosting on AWS (PRNewsfoto/ScaleGrid)

ScaleGrid Logo -…


Source link

About hosting

Check Also

High Growth Tech Stocks in France to Watch This October 2024

High Growth Tech Stocks in France to Watch This October 2024

As global markets respond positively to China’s new stimulus measures, European indices, including France’s CAC …

Leave a Reply

Your email address will not be published. Required fields are marked *