DataStax was founded in 2010 by Billy Bosworth, Jonathan Ellis, and Matt Pfeil. Though the company has not publicly discussed plans to participate in an IPO, rumors began to circulate in 2019, with a number of outlets reporting that the company was gearing up to go public and had begun the necessary preparations, allegedly hiring two investment banks to serve as underwriters. Sources cautioned, however, that the plans were not final. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
DataStax is a data management company with more than 500 customers, a base that, as of 2015, included a third of the Fortune 100. Since 2015, the company has acquired Aurelius, DataScale, The Last Pickle, and Kesque. DataStax has raised more than $200 million in venture capital funding from investors including Empede Capital, Comcast Ventures, Lightspeed Venture Partners, SchindlerAM Ventures, and DFJ Growth. The company's post-money valuation is estimated to be between $500 million and $1 billion.