Silk raises $55 million in Series B

Silk , “the database supercharger”, announced that it has completed an oversubscribed Series B round of financing at a total of $55 million. S Capital led the investment round with participation from existing investors including Sequoia Capital, Pitango, Globespan, Ibex, and Vintage and new investors including Clal Insurance, Bank HaPoalim, Meitav Dash and Menora Mivtachim.

The Silk Platform enables enterprises to migrate their mission critical applications to the cloud while increasing performance over on-prem environments. The company claims that the platform makes cloud environments run 10x faster and the entire application stack more resilient to any infrastructure hiccups or malfunctions.

“The cloud vendors are now beginning the fight over customers’ databases and other mission-critical ‘crown jewels’. To win this fight, they need to guarantee that customers will meet their own end users’ SLAs, by enabling prime scalability and performance of their mission-critical applications. Having this capital allows us to bring the vision accelerated cloud adoption to a wider audience.” – Dani Golan, CEO, Silk.

“As companies increasingly move their business-critical workloads to the cloud, it is more important than ever that their cloud infrastructure offer them the performance these workloads demand. The Silk Platform is perfectly poised to enable the cloud vendors to meet this demand and deliver on their promise of fast and easy cloud.” – Aya Peterburg, Founder-Managing Partner, S Capital.