Sapphire Ventures led a $188m Series C funding round in Yugabyte.

Sapphire Ventures, a venture capital firm, led a $188m Series C funding round in Yugabyte, a provider of distributed SQL databases. Additional investors include Alkeon Capital, Meritech Capital, Wells Fargo Strategic Capital, Lightspeed Venture Partners, 8VC, Dell Technologies Capital and Wipro Ventures. “As organizations embrace digital transformation and endeavor to become more data-driven, the need for a cloud-native database that can scale with them grows. YugabyteDB was built to address this expanding market and to meet the current and future needs of any business, regardless of their cloud infrastructure. We are thrilled to have more resources at our disposal to help us better serve our customers, and we are excited to draw on Jai’s wealth of knowledge in this space going forward," Bill Cook, Yugabyte CEO.