Silk raises $55M in Series B funding to accelerate cloud data migration platform go-to-market efforts.
Amount Raised
$55 Million
Round Type
Series B
Description
Silk, a cloud data migration platform vendor based in Needham, Massachusetts, announced a $55 million Series B funding round on July 7. The capital will be used to ramp up go-to-market efforts for its technology that enables users to optimize database deployment in the cloud. Silk provides an abstraction layer that works with both public clouds and on-site platforms, helping organizations migrate existing database applications more simply, faster, and cheaper than cloud-native rewrites. The company addresses the challenge of migrating and managing cloud databases, particularly for older database applications reaching end-of-life on legacy hardware platforms.
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Funding Insights
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