Listed tech investment company Bailador has upped the valuation of open source data technologies company Instaclustr by 42 per cent, as it continued its rapid growth during the pandemic.

Instaclustr, started in 2013 by Benjamin Bromhead, Adam Zegelin, Doug Stuart and Peter Lilley, gives businesses a platform that helps them host and support applications that require mass amounts of data and run using multiple open source tools like Facebook's Cassandra, Kafka and Elasticsearch.