Red Hat Invests in OpenStack Cloud Database as a Service Vendor TesoraAug 14, 2015, 06:00 (0 Talkback[s])
(Other stories by Sean Michael Kerner)
Cloud database-as-a-service (DBaaS) vendor Tesora today announced that it has completed a new round of funding, bringing in $5.8 million. The new round included the participation of Red Hat, Rho Canada Ventures, and existing investors General Catalyst and Point Judith Capital. Total funding to date for Tesora now stands at $14.5 million.
Ken Rugg, founder and CEO of Tesora, told eWEEK that the new funding will be used to help fund development efforts as well grow sales and marketing activities. Tesora is one of the leading contributors to the OpenStack Trove DBaaS project and also offers the Tesora commercial enterprise product.
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