DataStax

DataStax offers technologies that enable organizations to develop AI-powered applications leveraging real-time data. Its product offerings include Astra DB, Vector Search, Astra Streaming, RAGStack, and DataStax Enterprise. 

Astra DB is the company's flagship product and is a database platform offering NoSQL and vector database capabilities for developing GenAI applications. It can perform simultaneous search-and-update tasks on distributed data and streaming workloads and provide low latency while delivering relevant results without redundancies. 

DataStax Vector Search offers an API that supports vector and structured data for Retrieval Augmented Generation (RAG) applications and enables the building of GenAI and RAG apps with features like real-time data and streaming capabilities.

Astra Streaming helps to increase the accuracy and relevance of LLMs, chatbots, and AI agents through live data ingestion while fostering a user feedback loop for improved interactions.

RAGStack streamlines RAG in GenAI apps, leveraging LangChain and LLamaIndex to boost developer productivity, system performance, and accuracy with continuous updates, enterprise-level governance, scalability, and cost-effectiveness, while DataStax Enterprise is a cloud-native NoSQL database platform built on Apache Cassandra.

DataStax utilizes a volume-based pricing model where users pay based on the volume of data and the number of operations processed.

Key customers and partnerships

DataStax's solutions are utilized by various sectors, including ecommerce, identity management, security and compliance, supply chain, inventory management, asset monitoring, and logistics. Notable customers include Netflix, T-Mobile, Audi, Priceline, Bud Financial, Capital One, SkyPoint Cloud, Atom Bank, and others.

Key partnerships include a collaboration with Google to integrate vector search capabilities into its AstraDB NoSQL database-as-a-service (June 2023), a strategic partnership with AWS to provide customers developing GenAI applications access to the Astra DB Vector Database (November 2023), and a partnership with LlamaIndex to launch RAGStack to develop GenAI applications with fewer hallucinations ( February 2024 ). 

Funding and financials

In June 2022, DataStax received an investment of USD 115 million led by the Growth Equity business within Goldman Sachs, with participation from RCM Private Markets and EDB Investments. The funding was to be used in its business development and potentially pave the way for an IPO. Notably, DataStax's Astra DB serverless cloud database also reported 300% YoY growth in its Annual Recurring Revenue (ARR)​​​​​​.