HyperRoll Inc. Announces $12.5 Million in Series B Financing
SANTA CLARA, CA October 3rd, 2002 - HyperRoll, Inc. (www.hyperroll.com) a leading provider of high-speed, high-performance aggregation and analytics engine for the world’s leading database systems, announced today that it has completed a $12.5 million Series B financing led by Sequoia Capital and Greylock. Vertex Venture Capital also participated in the financing round, as well as existing HyperRoll investors Microdent Ventures and Denali Ventures. Additional funds will be used to accelerate sales and marketing activities in a market where the company already has customers and exceptional results.
HyperRoll provides a revolutionary database aggregation engine that accelerates RDBMS query response time and/or OLAP building time by more than two orders of magnitude, or more than 100 times. HyperRoll’s products transparently integrate with:
Leading RDBMS vendors (Oracle, IBM, MS, Informix, Sybase).
Leading OLAP products (Hyperion- Essbase, Oracle Express, MS-OLAP, etc).
Leading Business Intelligence products (Business Objects, Oracle, Microstrategy, Brio, etc.).
As a result of using HyperRoll’s solutions, enterprises gain immediate and significant ROI with near real-time capabilities for complicated query processes.
“HyperRoll’s solution has proven to provide a unique value proposition to several Fortune 2000 companies,” said Rani Cohen, president and CEO of HyperRoll. “We have saved our customers hundreds of thousands of dollars by allowing them performance that they could not achieve even by buying super-computers. The backing of Sequoia and Greylock in the USA, and Vertex’ international network will enhance our ability to launch our sales efforts worldwide and develop applications and integration capabilities with large enterprise software implementations like Billing, ERP and CRM.”
Benny Hanigal, partner at Sequoia Capital added:” We are very happy to become investors in HyperRoll. We believe HyperRoll’s solution provides unique database querying functionality with widespread applicability. It is rare to see a company at such early stage with such impressive customer enthusiasm and loyalty.”
According to Moshe Mor, partner at Greylock: ”HyperRoll’s recent relocation of its management team to the Silicon Valley will help it tap the sizable US marketplace for IT solutions, and leverage the local presence of its new investors. We’re delighted to help HyperRoll grow and lead its market with innovative solutions.”
ABOUT HYPERROLL
Headquartered in Santa Clara, CA, HyperRoll Inc. was founded in 1999 and incorporated in the US in January 2000 by a core team of experienced parallel computing engineers and scientists and database and data warehouse experts. The HyperRoll© technology enables extremely fast aggregation of relevant data elements from all the major database vendors including Oracle, IBM, Microsoft, Informix, and Sybase and allows for the leading Financial, Analytics, Business Intelligence, ERP and CRM applications to transparently achieve over two orders of magnitude — or over 100 times —faster performance . Aggregation is the logical process by which the relevant data elements are summarized for reporting and analysis. The aggregation functionality is the most significant factor in providing fast and timely performance. HyperRoll core technology is based on patents granted for the company’s high performance data aggregation and calculation engine. The Company’s customer base includes industry-leading Global 2000 organizations in the financial services, manufacturing, high technology, communications and retail markets, such as GE Financial Assurance, Avaya Communications, Comdisco, ConAgra Foods, Kellogg, Nortel Networks, MasterCard, and Scandinavian Airlines (SAS). For more information, visit www.hyperroll.com.About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube and Dominic Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about Sequoia Capital visit www.sequoiacap.com.
Contact:
Benny Hanigal
SEQUOIA CAPITAL
hanigal@sequoiacap.com
