Delphix, a “data-as-as-service” startup, has received $75 million in new funding led by Fidelity Management and Research Company. Other participants in the round include Credit Suisse NEXT Investors, The Kraft Group, and returning investors Greylock Partners, Lightspeed Venture Partners, and Icon Ventures.
The Menlo Park-based startup has now raised a total of $119.5 million and plans to use its latest capital to scale up into more countries and invest in its cloud, analytics, and data security tech.
Delphix’s data virtualization service technology helps companies manage reams of data by consolidating it into a master file that can be virtually cloned over and over again without having to duplicate or move data.
Any changes only need to be made once to be implemented in all clones and the original data, which saves time and money when companies need to release new applications, fix bugs, or perform cloud migrations.
The company claims that Delphix’s tech can deliver data 100 times faster than traditional methods.