Monday, May 17, 2010

NorthScale Raises $10 Million for Memcached Web Software

NorthScale, a start-up based in Mountain View, California, secured $10 million in Series B funding for its Memcached "elastic data" infrastructure software. This new class of data management software -- elastic data infrastructure -- promises substantial cost, performance and scalability advantages over relational database technology, for the vast majority of data associated with modern web applications and cloud computing environments.

NorthScale's technology leverages a directly-addressed, distributed (scale-out), in-memory, key-value cache alongside relational database technology. Frequently used data is cached, thereby reducing the number of queries a database server must perform for web applications.

The new round of financing was led by Mayfield Fund, with participation from Series A investors Accel Partners and North Bridge Venture Partners.

NorthScale also announced the appointment of Bob Wiederhold as its president and CEO. Previously, he was chairman, CEO, and president of Transitive Corporation (acquired by IBM) and before that he was president and CEO of Tality Corporation, a provider of electronic design services.