Silk Advances Data Migration to the Cloud with $ 55 Million 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 to 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 one of the vendors aiming to help organizations meet the challenge of optimizing migration and management of cloud databases.
What silk does for the traditional relational databases is somewhat unusual, said Bryan Betts, senior analyst at Freeform Dynamics.
The vendor provides an abstraction layer capable of working with both public clouds and on-premises platforms. As is Silk approach 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 reinstalled as their current hardware platforms come to the end of their life,” Betts said. “And for these users, this 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 bettsSenior Analyst, Freeform Dynamics
“But once you move away from these traditional databases, they have less to offer,” Betts said. “Modern cloud-native databases don’t have to compromise or scale to run in a public cloud. “
Why Silk is raising funds for cloud database management and migration
Dani Golan, CEO and founder of Silk, said last year and the global COVID-19 pandemic have been difficult for many organizations. But with the increasing volume of remote work and an even more distributed workforce, the need for cloud databases has grown.
“In 2020, it became very clear to global businesses that they needed to move most critical environments to the cloud,” Golan said.
He said the funding would help Silk grow its partner programs, as well as develop its technology for better performance. as he tries to grow his business and attract new customers.
How Silk enables cloud database management
Golan said the provider’s platform offers a virtualization layer that enables organizations to optimize databases in the cloud.
For organizations migrating an on-premises database to the cloud, it can often be difficult to understand what compute and storage resources are required.
Golan said that with Silk, a user can efficiently “drag and drop” an existing database into the Silk platform. Using its virtualized layer, Silk will determine the compute, memory, network and storage specifications required, then configure and manage the database. The platform will also increase and decrease resources as needed, based on demand.
Golan pointed out that the Silk Platform is proprietary technology that uses a distributed operating system. The platform provides multi-cloud supported, so users can choose to deploy to AWS, Microsoft Azure, or Google Cloud.
“Behind the scenes, customers shouldn’t care if they’re running on 10 virtual servers or 100 virtual servers. We take care of the database resources,” Golan said.
The round table was led by S Capital, with the participation of existing investors, including Sequoia Capital.