ScaleArc Adds $12.3M

Santa Clara-based ScaleArc, which develops software which delivers analytics and improved caching for database environments, said Thursday that it has raised $12.3M in a new, Series C funding round. The round was led by Accel Partners, and also included Trinity Ventures And Nexus Ventures. The firm said the funding will go towards sales, marketing, and "aggressive" development of its product roadmap. ScaleArc provides analytics and caching for applications and databases.