Event Store secures Series A funding from Qualasept Holdings to expand database operations.
The company has secured Series A backing from strategic investor Qualasept Holdings.
Event Store develops EventStoreDB, an operational source of record database technology designed to retain data changes and business context as events. The firm supports mission critical production environments across sectors such as financial services and healthcare.
Event Store has secured Series A financing from strategic backer Qualasept Holdings. The injection will support the expansion of the firm and accelerate the development of its cloud database services. The company develops EventStoreDB, a technology utilized across multiple industries including healthcare and financial services.
Advisory support for the transaction was provided by ICON Corporate Finance, which acted on behalf of Event Store. Meanwhile, Qualasept Holdings received advice from BDO, Roxburgh Milkins, and Alantra. The funding marks a significant operational step for the database provider as it scales its multi cloud database as a service offerings.
From the founder
"Most mainstream database technologies, whether relational, graph, or document-oriented, keep the latest state of the data, throwing away the old data when it changes. In contrast, EventStoreDB, the leader in the emerging class of databases, called Event Stores, is specifically designed to keep the changes along with the business context of those changes, in the form of events. Current state can then be derived from replaying the event stream. This pattern enables a myriad of benefits, including powerful audit, debugging, caching, occasionally connected scenarios, and much more."
Dave Remy
CEO at Event Store
Use of funds
- 01Continue product development
Investors
Categories
About the company
Event Store
Event Store provides event stream database technology for enterprise applications.