IVP Worms Its Way Into Aster Data Systems Deal

Aster Data Systems, which makes software that allows companies to build massively scalable databases on commodity hardware, has raised an additional $5 million as part of its Series B round of funding from Institutional Venture Partners. Aster had originally closed $12 million back in January, but CEO Mayank Bawa says the company extended the round in a nod to the recession — and for the opportunity to work with IVP General Partner Steve Harrick. Read More about IVP Worms Its Way Into Aster Data Systems Deal

Big Money for Big Database Company

[qi:110] Aster Data Systems, a Redwood City, Calif-based startup that makes data warehousing software, has raised $12 million in new funding from JAFCO Ventures along with participation from existing investors Sequoia Capital, Cambrian Ventures and First Round Capital. The company had previously raised $10 million in funding. Aster’s main product is Aster nCluster, a high-performance analytic database. The company was founded in 2005 by Stanford students Mayank Bawa (CEO) and Tasso Argyros (CTO). Aster is one of the many startups (and established players) that are tackling the problem of plenty. Read More about Big Money for Big Database Company