Datical Raises $8 Million in VC Funding

imgres-1Datical, which makes software that lets companies update applications on their databases easily, announced Thursday it has raised $8 million funding.

The Austin-based startup, founded in 2012, reported that S3 Ventures led its Series B round with participation from existing investors Mercury Fund and Austin Ventures. Previously, Datical raised $6.9 million in venture capital from seven investors, according to its Crunchbase profile.

The company plans to use the funds to expand its platform, which lets companies automatically keep up with the increasing speed of application rollouts. It also plans to hire more product developers, sales and marketing staff.

“Whether our customers are using cloud or on-premise databases, we enable them to increase the speed, accuracy and security of database change,” Derek Hutson, CEO of Datical, said in a news release. “As the market turns to Datical to solve this problem, partnering with S3 enables even greater investment in our technology and provides our current and future customers with ever-increasing value.”

Datical’s customers include Fidelity Investments, GE Transportation, eBay Enterprise, Deloitte and the State of North Dakota.

“As enterprises continue to adopt DevOps as the ideal approach for application delivery, we recognize the database is quickly becoming the next area of focus for automation in IT,” Brian R. Smith, managing director at S3 Ventures said in a news release. “Datical’s combination of a leadership position in a growing market, innovative technology and an experienced team make this a natural fit for S3.”

Silicon Hills News did this profile of Datical in 2014.

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