Frizata Closes $5M Series A Funding
24 Jul, 2021
– Cube Dev announced $15.5m in funding to scale go-to-market activities and accelerate the development of its first commercial product that helps customers build applications powered by cloud data warehouses with greater speed and flexibility.
– Decibel led the Series A round with Bain Capital Ventures, Betaworks and Eniac Ventures participating, bringing Cube Dev’s total funding to $23.6m.
– Cube Dev offers a headless abstraction layer between cloud data warehouses and data applications. This dramatically reduces application development time from weeks to hours.
– Demand for these kinds of capabilities continues to grow, as analysts forecast the global cloud database and DBaaS market size to grow from USD 12.0 billion in 2020 to USD 24.8 billion by 2025, a Compound Annual Growth Rate (CAGR) of 15.7%.