DBmaestro, the pioneer and leading provider of DevOps for Database solutions, announced today it raised $3 million in Series A funding from a number of venture capital firms including StageOne Ventures, lool Ventures and iAngels. The financing will be used to grow DBmaestro’s global sales and marketing and to seal its place as the leading database automation solution.
The funding round came after a banner year for the company. In 2015, DBmaestro tripled their subscription revenue and signed many high-profile brands, including Barclays, Bank of the West, Allianz, and VISA. These achievements were driven by the success of their flagship product, TeamWork, which enables agile development, Continuous Integration, and Delivery for the Database.
DBmaestro’s DevOps for Database solution offers a comprehensive approach to the database development life cycle, providing enterprises’ need to deliver changes faster. DBmaestro has been at the forefront of Continuous Delivery for the database, with a solution which brings innovative methods for safe database automation and ultimately reduces costs in development and deployment. Subsequently, it was named to the 2015 SD Times 100 for its Innovation in the Database and was also recognized as a prominent vendor of the DevOps tools market in Technavio’s Global DevOps Tools Market 2015-2019 report published in August 2015.
The company’s growth led to the hiring of Danny Neuberger as Senior VP of Sales EMEA & APAC and Roy Lauzon as VP of R&D. Neuberger brings over 20 years of executive experience at Microsoft and EMC, while Lauzon has led software development teams at Celebros for almost 10 years. Lauzon said: “Having worked for a decade on the software development side, I can attest to the critical need to adopt the best practices we’ve been implementing for software to the database as well.”
“I believe that the success we have seen underscores the need in the community for our solution,” said Yariv Tabac, CEO and co-founder of DBmaestro. “Our customers are in highly competitive markets and the ability to implement continuous delivery and integration for the database is crucial. We are proud of our achievements and excited to bring on a number of experienced executives to continue to support each of our growing number of clients as they navigate the journey towards complete database automation.”
