NEA, Benchmark, Index invest $70m in search software company ElasticSearch


magnifying-glass_lrgA trio of venture capital majors have backed real-time search and analytics business ElasticSearch to the tune of $70m through a Series C financing round.

New Enterprise Associates, Benchmark Capital and Index Ventures all took part in the round, which saw NEA general partner Harry Weller join the company board.

The company, which has now raised $104m over the past 18 months, said it planned to use the latest funding to accelerate global awareness of its products, drive continued development and expand its sales organisation worldwide.

Weller said, “We’ve been watching Elasticsearch, and the response from both developers and customers is truly impressive.

“It’s rare to see a company not only get developers excited by their technology, but also sell successfully into the enterprise, and we see massive opportunities on an even broader scale.

“We hope to provide resources and guidance to help Elasticsearch continue down this path, delivering on the promise big data companies have been dancing around for years.”

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