Delphix Nets $75M in Funding to Scale Data-as-a-Service Business

Venture funding will help scale the business and improve the DaaS platform

John Rath

July 16, 2015

1 Min Read
Delphix Nets $75M in Funding to Scale Data-as-a-Service Business
(Photo by Sean Gallup/Getty Images)

Data-as-a-Service provider Delphix announced it has raised a $75-million funding round to scale sales, marketing, and operations across global geographies. Delphix said the investment will also allow it to more aggressively invest in cloud, analytics, and data security technologies to further build out its platform.

Fidelity Management and Research Company led the funding round with participation by additional investors Credit Suisse Next and the Kraft Group, and existing investors, including Greylock Partners, Lightspeed Venture Partners, and Icon Ventures.

Data-as-a-Service is a cloud-based model for delivering a variety data types for consumption by users' applications.

The Menlo Park, California-based startup has raised almost $120 million since it came out of stealth seven years ago. Delphix has since won numerous industry awards, landed large enterprise accounts, and formed key strategic partnerships with companies such as Amazon Web Services, VMware, SAP, and Dell.

Recently, Gartner named Delphix as a leader in its 2015 Structured Data Archiving and Application Retirement magic quadrant. In May the company purchased Boston-based Axis Technology Software to add integrated masking and enhanced security features to its product.

Delphix CFO Stewart Grierson noted that the company has "grown revenue at a 220 percent CAGR over the last five years while primarily funding operations from cash flow. This investment will give us the flexibility to invest for further scale and cement our leadership position in the DaaS market."

Last year data virtualization competitor Actifio secured a $100 million funding round to accelerate its product offering. More recently converged data management system provider Rubrik raised $41 million.

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