VoltDB, LLC was founded last year by Andy Palmer and Mike Stonebraker. Stonebraker is what you might call a database pioneer. He's founded open source databases like Postgres and Ingres. His newest project, VoltDB, is a relational database management system that uses Online Transaction Processing (OLTP) and SQL. It was developed as part of a joint research project by Brown University, MIT, Yale University, and HP Labs.
VoltDB stores data in RAM or disk partitions, and then it distributes the data and the SQL engine across a server or server cluster. It's design ensures transactional consistency while eliminating legacy overhead. VoltDB conforms to the ACID model by using autonomous thread partitioning with data being replicated in the cluster. VoltDB allows near-linear scaling across further clusters as well.
VoltDB vs. Cassandra
According to performance test done by VoltDB, LLC, VoltDB ran five times faster than Apache Cassandra (a NoSQL database) and 45 times faster than an Oracle RDBMS. The databases ran on an Intel Xeon X5550-based Dell PowerEdge R610 cluster. Another benchmark (key-value) against Cassandra was done by VoltDB engineer John Hugg and recorded in this blog post. In his conclusion, he mentioned a few comparisons and contrasts between Cassandra and VoltDB:
"It was fun to get to play with another system targeting the same scaling pain as us. Cassandra is the first distributed system I've used that is as easy as VoltDB to get running on a cluster. It also has a friendly community. An issue I did have was the lack of thorough documentation or non-trivial (or non-Twitter) examples.
VoltDB requires a little more effort up front to build an application. That said, for the same hardware, VoltDB will do more work, sometimes a whole lot more work. Also, it will do it with SQL, transactional serializability and a user manual." --John Hugg, VoltDB Engineer
The finance industry will be one of the first sectors that are interested in VoltDB, according to the company. Web companies that manage large amounts of data with rapidly changing transaction volumes will also be interested. Version 1.0 of the open source project is available now and licensed under the GPL. A commercial version starts at $15k per year for a 4-node cluster installation. The company will add management and monitoring tools to future versions of commercial VoltDB.