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Can you Make Money with a Cloud Database as a Service?

Is the cloud the right place to power your database driven apps? Startup Xeround certainly thinks so, and has convinced its investors of that too.

To date, Xeround has raised $38.8 million in three rounds of funding, the most recent a C series last week for $9.3 million. Xeround develops a cloud database-as-a-service technology that leverages the open source MySQL database. The company has multiple channel partnerships including Amazon and Rackspace, which are helping to drive adoption. Xeround's service officially become generally available in June of this year as a scale-out MySQL platform.

In terms of what Xeround plans to with their latest round of funding, Xeround CEO Razi Sharir told InternetNews.com that the plan is to expand the cloud offering.

"Within the next few quarters you will see more and more Platform-as-a-Service (PaaS) providers delivering our database as the database of choice," Sharir said.

 

Read the full story at DatabaseJournal:
Can you Make Money with a Cloud Database as a Service?

Sean Michael Kerner is a senior editor at InternetNews.com, the news service of the IT Business Edge Network, the network for technology professionals. Follow him on Twitter @TechJournalist



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