ElasticSearch Scores Ten Million in Funding
December 12, 2012
ElasticSearch has secured some hefty new financing for its analytics engine and other projects, we learn from the post, “Elasticsearch Big Data Search Startup Pulls in $10M Funding” at the TrustedInsight blog. With this $10 million in series A funding, Elasticsearch will have to work fast to outrun the one-man-band reputation the firm has earned since the days of Compass search.
The press release specifies:
“In addition to [primary investor] Benchmark, other investors in the round include Rod Johnson, the creator of the Spring Framework and co-founder of SpringSource, and Data Collective. Elasticsearch said it will use this initial round of funding to help build out the organization in all functional areas and expand into key geographic regions to support the adoption of Elasticsearch. The open-source search and analytics software emerged in the last six months as one of the more popular open-source projects in the big data market and is already being used by thousands of companies all over the world, the company said.”
Shay Banon, founder of the Compass open source search project, decided that the software really needed a complete overhaul; the ElasticSearch software, which Banon says he sees as “Compass 3.0,” is the result. Both projects are built on Apache Lucene.
ElasticSearch (the company) was formed this year by Banon and folks from Apache. It offers resources for users of the ElasticSearch solution with training, consultancy services, and support subscription plans. Naturally, they emphasize their unique expertise on the subject. The company is headquartered in Amsterdam, Netherlands.
Cynthia Murrell, December 12, 2012
Sponsored by ArnoldIT.com, developer of Augmentext
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