ScaleBase, a Newton, Mass.-based startup that helps companies keep fast-scaling databases up-and-running, today announced that it has landed $10.5 million in series B funding, led by Bain Capital Ventures and Ascent Venture Partners, with participation from its existing investor, Cedar Fund. Having raised $4 million from Cedar in 2010, the investment brings the startup's total funding to just under $15 million. As scores of new web and mobile apps launch every day, increasingly companies are finding themselves working overtime to manage the intense processing requirements of big data and struggling to preserve up-time. For this reason, ScaleBase sees a big market opportunity for any company offering uninterrupted database performance solutions.Source: http://feedproxy.google.com/~r/Techcrunch/~3/8n0vq5xB_Gw/
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