ParElastic Corporation has raised $5.7M in a Series A round financing led by General Catalyst Partners. The company’s existing investors including Point Judith Capital, CommonAngels and LaunchCapital also participated in the round. The Series A brings ParElastic’s total financing to $8.7M. The ParElastic Database Virtualization Engine “dramatically increases the flexibility of your current relational database, improving performance and reliability while reducing storage and processing costs.”
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