Silk advances cloud data migration with $55 million in funding
Cloud data migration platform provider Silk said it raised $55 million in a Series B funding round to ramp up efforts to bring its technology to market that enables users optimize the deployment of the database in the cloud.
Migrating databases to the cloud can often be a complex challenge with technical issues, cost issues, and data management requirements.
Silk, based in Needham, Mass., revealed the new funding on July 7. The startup is among the vendors aiming to help organizations meet the challenge of optimizing cloud database migration and management.
What Silk does for traditional relational databases is somewhat unusual, said Bryan Betts, principal analyst at Freeform Dynamics.
The provider provides an abstraction layer capable of working with both public clouds and on-premises platforms. As is Approach to silk should be of interest to organizations that need to migrate or replicate existing database applications to the cloud.
“Our research suggests that there are a large number of older database applications that need to be ported over as their current hardware platforms reach end of life,” Betts said. “And for those users, it presents a solution that is, potentially, much simpler, faster, and cheaper than a full cloud-native rewrite.”
Regarding potential limitations, Betts noted that Silk is designed to run large relational databases in the public cloud and is less efficient for other types of databases, including those that are already cloud-native. .
Bryan BettSenior Analyst, Freeform Dynamics
“But once you move away from those traditional databases, it has less to offer,” Betts said. “Modern cloud-native databases don’t have to compromise or adapt to work in a public cloud.”
Why Silk is raising funds for cloud database management and migration
Dani Golan, CEO and Founder of Silk, said the past year and the global COVID-19 pandemic have been challenging for many organizations. But with the increasing volume of remote work and an even more distributed workforce, the need for cloud databases has increased.
“In 2020, it became very clear to global enterprises that they needed to move most critical environments to the cloud,” Golan said.
He said the funding will help Silk expand its partner programs, as well as develop its technology to improve its performance. as he tries to grow his business and attract new customers.
How Silk Enables Cloud Database Management
Golan said the vendor’s platform offers high performance virtualization layer that allows organizations to optimize databases in the cloud.
For organizations migrating an on-premises database to the cloud, understanding the compute and storage resources required can often be a complex process.
Golan said that with Silk, a user can effectively “drag and drop” an existing database into the Silk platform. With its virtualized layer, Silk will determine the compute, memory, network, and storage specifications required, then configure and manage the database. The platform will also scale resources up and down as needed, based on demand.
Golan pointed out that the Silk Platform is a proprietary technology that uses a distributed operating system. The platform provides multi-cloud support, so users can choose to deploy on AWS, Microsoft Azure, or Google Cloud.
“Behind the scenes, customers shouldn’t worry about whether they’re running on 10 virtual servers or 100 virtual servers. We take care of the database resources,” Golan said.
The funding round was led by S Capital, with participation from existing investors including Sequoia Capital.