Statement Team (Linkedin)
ScyllaDB, an Israeli database startup offering NoSQL databases, raised $25 million in funding round led by Eight Roads Ventures for its $43 million Series C round of funding. The company has now raised $63 million to date. And Israeli Fintech startup Statement raised $12 million in a Seed round of funding led by Glilot Capital Partners.
Founded in 2022 by CEO Idan Vlodinger and CTO Shahar Lahav, Statement says the firm is built for businesses that want to simplify their finance function while maintaining a deep level of scrutiny on all money-related transactions.
Statement boasts that its platform is a powerful integration hub, designed to work seamlessly with a diverse array of banking systems, ERP software, and financial platforms.
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“With mixed feelings we are announcing the news of our recent $12m fundraising and sharing our story with the world,” said Statement in a Linkedin post. “We heard this week that ‘In unstable times you want to invest in the most resilient people’ and we hope that sharing this news instills optimism amongst our peers in the Israeli tech community and our people. At Statement, the core of our product development, the majority of our employees, and our IP all reside in Israel. We aren’t going anywhere and we plan on utilizing this investment to double down on our presence in Israel.
Founded in 2013, ScyllaDB, a NoSQL databases, calls itself the database for data-intensive apps that require high performance and low latency. It enables teams to harness the ever-increasing computing power of modern infrastructures–eliminating barriers to scale as data grows. Unlike any other database, ScyllaDB is built with deep architectural advancements that enable exceptional end-user experiences at radically lower costs. Over 300 game-changing companies like Disney+ Hotstar, Expedia, FireEye, Discord, Crypto.com, Zillow, Starbucks, Comcast, and Samsung use ScyllaDB for their toughest database challenges. ScyllaDB is available as free open source software, a fully-supported enterprise product, and a fully managed service on multiple cloud providers.
A NoSQL database (originally referring to “non-SQL” or “non-relational”) is an approach to database design that focuses on providing a mechanism for storage and retrieval of data that is modeled in means other than the tabular relations used in relational databases. Instead of the typical tabular structure of a relational database, NoSQL databases house data within one data structure. Since this non-relational database design does not require a schema, it offers rapid scalability to manage large and typically unstructured data sets.
NoSQL databases are increasingly used in big data and real-time web applications. Motivations for this approach include simplicity of design, simpler “horizontal” scaling to clusters of machines (which is a problem for relational databases), finer control over availability, and limiting the object-relational impedance mismatch. The data structures used by NoSQL databases (e.g. key–value pair, wide column, graph, or document) are different from those used by default in relational databases, making some operations faster in NoSQL. The particular suitability of a given NoSQL database depends on the problem it must solve.
