Get the latest tech news

Rediscovering Transaction Processing from History and First Principles

The financial transactions database to power the next 30 years of Online Transaction Processing.

Indeed, the OLTP benchmark that propelled the industry forward by an order of magnitude, and that gave rise to the TPC, would define "the standard measure of transaction processing" ( Jim’s words 20 years later) as a "DebitCredit". Worse, there are only 1000 milliseconds in a second, and if you look again at Gray’s benchmark, you will see that there is the concept of a "branch" account—a row touched by most transactions, since a bank (or business) may have ten million customers to debit, but only a few internal accounts to credit. Today, it is my great pleasure, as we look to serve the next thirty years of transaction processing, to welcome our long term partner Natalie Vais to the board, and to announce our $24 million Series A led by Spark Capital, with participation from Amplify Partners and Coil, as well as angels, including: Alex Gallego, Founder and CEO of Redpanda; Uriel Cohen, Co-Founder and Executive Chairman of Clear Street; Sachin Kumar, Co-Founder and CTO of Clear Street; and Alex Rattray, former Stripe, to whom we owe much gratitude.

Get the Android app