Sqrrl Closes Series A Financing for Secure, Scalable NoSQL
Sqrrl raises new venture capital financing and ships Version 1.2 of Sqrrl Enterprise.
Cambridge, MA (PRWEB) October 21, 2013
Sqrrl, the company that develops secure database software to power Big Data applications, has raised a $5.2M Series A round of financing. Existing investors Atlas Venture and Matrix Partners led the round. Sqrrl will use the funding to further develop and commercialize Sqrrl Enterprise, the industry’s most secure, scalable, and flexible NoSQL database for real-time Big Data applications. Sqrrl Enterprise is powered by the open source database called Apache Accumulo and has been deployed in the field for the past year. Today Sqrrl is shipping Release 1.2 of Sqrrl Enterprise, which includes a number of new analytic, security, and performance features.
“It’s clear from Sqrrl’s traction in the market that large enterprises are in need of scalable, fine-grained security as the foundation to build their Big Data applications,” said Chris Lynch, partner at Atlas Venture and a Sqrrl board member. “Sqrrl is the authority on, and has succeeded in becoming the leader in, Apache Accumulo for the enterprise. With significant deployments underway, the company is positioned well to expand its global footprint.”
“Sqrrl is filling an important gap in the Big Data market,” said Antonio Rodriguez, partner at Matrix Partners and a Sqrrl board member. As the company focused on helping organizations building secure, multitenant, real-time Big Data applications, Sqrrl is enabling these organizations to bring together diverse datasets with complex security requirements.”
Sqrrl Enterprise delivers the only NoSQL database with cell-level security capabilities. Cell-level security enables every piece of data to be tagged with fine-grained security labels that are connected to specific access control policies. This capability makes Sqrrl Enterprise a powerful solution for industries with sensitive data, and it is currently deployed at security-conscious organizations in Government, Financial Services, Healthcare, Telecommunications, and Energy industries.
“With the level of interest we are seeing in our rapidly growing base of large enterprise customers, we are excited about the enormous market opportunity in front of us,” said Mark Terenzoni, CEO of Sqrrl. “The funding enables us to accelerate the growth of our sales and support organizations to meet the growing demand for our platform. At the same time we will continue to build our engineer team and develop innovative product features.”
What’s new in Sqrrl Enterprise Version1.2
Sqrrl has added a number of important new security, analytics, and performance features in Version 1.2 of Sqrrl Enterprise. These features include a Labeling Engine that automates the application of security labels to individual pieces of data, integration with the Blueprints API for graph storage and query, improvements to the Sqrrl Query Language (SqrrlQL), and faster querying capabilities.
Headquartered in Cambridge, MA, Sqrrl was founded by computer scientists from the National Security Agency (NSA). As part of the team that created Apache Accumulo, Sqrrl founders have been working with some of the largest, most complex and most sensitive data sets in the world. Today, Sqrrl Enterprise is the world’s most secure, scalable, and flexibleNoSQL database for real-time Big Data applications. It is the only NoSQL solution that possesses fine-grained security controls, scales elastically to tens of petabytes of data, and supports a diverse set of analytics, including graph, SQL, statistics, and full-text search. Sqrrl's understanding of security and Big Data technologies enables organizations to securely unlock the potential of Big Data. Learn more at http://www.sqrrl.com.
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