Osage leads round in Charlottesville-based VividCortex
Tom Paine
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In a Series A-1 funding announced today, Charlottesville-based VividCortex has raised $8.5 million led by Philadelphia-based Osage Venture Partners. Bull City Venture Partners also participated in the round, as did all existing investors, including New Enterprise Associates (NEA) and Battery Ventures.
While another earlier OVP investment, SevOne, focused on an enterprise's network performance, VividCortex concentrates on database performance. VividCortex’s Database Performance Management platform provides insights into database workload and query performance, enabling teams to proactively resolve database issues faster, the company says. It claims customers such as DraftKings, Etsy, GitHub, SendGrid, Shopify, and Yelp.
OVP Partner David Drahms has been appointed to the VividCortex Board of Directors. To date, VividCortex has raised $15 million.
OVP might disagree, but I see in it leading this round with such prestigious partners to be perhaps a sign that it is becoming more widely visible in the enterprise software investing space.
Read the press release.
