Wednesday, April 25, 2007

Israeli Telco Database Startup Xeround Raises $7M

Xeround Systems, an Israeli based Telco Database start up has recently raised 7M in a second round of financing from Benchmark Capital and Giza Venture Capital. To date, Xeround raised a total of $14M.

According to their website, "Xeround's unique approach to real-time data management delivers cost performance that far exceeds proprietary, traditional off-the-shelf and in-memory database solutions. Enabling real-time database convergence over commodity infrastructure like blade servers, solutions from Xeround represent a quantum leap in cost and performance."

Xeround is led by Dr. Gilad Zlotkin, previously a VP of Engineering at Class Data Systems.

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