ElasticSearch announced $70M in Series C funding today just 18 months after forming the company. Company executives say they will use the money to continue to drive their phenomenal growth.
This round is being led by New Enterprise Associates (NEA). Additional funders include Benchmark Capital and Index Ventures. It brings total funding to date to $104M.
It’s said when a child grows quickly, it’s called a growth spurt. ElasticSearch, the open source search and data discovery platform has only been around for a year and a half as company (4+ as a product), but CEO Steven Schuurman, says it’s growing in leaps in bounds and VCs have noticed.
Schuurman says they are getting half a million downloads a month and over the last 6 months, they have been experiencing massive growth. “The reason why we felt compelled to raise another round is that we see demand growing explosively,” he said.
He added, “We are…
View original post 457 more words