Silk, the database supercharger, announced it has secured $55 million in an oversubscribed Series B round of financing, enabling the company to accelerate its sales and marketing efforts and expand engineering development.
S Capital led the investment round with participation from existing investors including Sequoia Capital, Pitango, Globespan, Ibex, and Vintage and new investors including Clal Insurance, Bank Hapoalim, Meitav Dash and Menora Mivtachim.
The Silk Platform is a cloud platform that enables enterprises to migrate their mission-critical applications to the cloud seamlessly while increasing performance over on-prem environments.
The platform makes cloud environments run 10x faster and the entire application stack more resilient to any infrastructure hiccups or malfunctions, according to the vendor.
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Silk sits neatly between the cloud infrastructure and the customer’s database. It is a smart, resilient, yet invisible, layer that transforms the database into a cloud powerhouse by allowing it to optimise data without any change to the database or application. Amongst Silk’s customers are leaders in their fields such as eToro and Payoneer.
“The cloud vendors are now beginning the fight over customers’ databases and other mission-critical ‘crown jewels’. To win this fight, they need to guarantee that customers will meet their own end users’ SLAs, by enabling prime scalability and performance of their mission-critical applications,” said Dani Golan, CEO, Silk. “Having this capital allows us to bring the vision accelerated cloud adoption to a wider audience.”
The Series B financing comes as Silk continues to expand its market reach in the public cloud. To bring the power of Silk to this audience, the company has partnered with the major cloud vendors. Silk is a Microsoft Azure IP co-sell incentivised partner, an AWS ISV technology partner and a GCP partner.
