Startups are racing to raise money in an already crowded big data market. The latest to land a sizable infusion is Elasticsearch.
The startup, which keeps joint headquarters in Amsterdam and Los Altos, Calif., on Thursday is announcing a $70 million funding round led by the investors New Enterprise Associates, Benchmark Capital and Index Ventures.
Elasticsearch is already well-known to many engineers and developers. That’s partly because it powers consumer-facing search functions and internal query systems for many websites, including the Guardian newspaper and Bloomberg LP. Its software is available free on an open-source basis, while the company charges for related services.
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