Elasticsearch Secures More Funding

February 27, 2013

Elasticsearch is an enterprise search option that wants a slice of the Big Data pie. It has been making headlines for its seeming fast growth. The latest news is relayed by Enterprise Apps Today in their story, “Open Source Elasticsearch Firm Raises $24M.”

The article explains Elasticsearch’s latest announcement:

“Amsterdam-based Big Data search startup Elasticsearch announced it just closed on a Series B round of funding valued at $24 million. Index Ventures headed the round, which was backed by Benchmark Capital, an existing investor, and newcomer SV Angel. The funds, which follow a $10 million capital injection in November, will be used to help transform the company from a software provider to a full-fledged services and support organization. Elasticsearch also revealed that its open source real-time search and analytics software just crossed the 2 million download mark.”

The seeming explosive growth mentioned above may be cause for alarm. There is no way to know if the growth is sustainable, especially since the only committer on the project is the founder. The two million downloads number is also cause for suspicion. Elasticsearch requires and registers a new complete download for every upgrade release. So the count is not new registrations or even the total number of users. Elasticsearch may be making some headlines, but many users will choose to stay with a stable and trustworthy solution like LucidWorks.

Emily Rae Aldridge, February 27, 2013

Sponsored by ArnoldIT.com, developer of Beyond Search

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