Cloudant, a Boston, MA-based provider of a globally distributed database-as-a-service (DBaaS), raised $12m in series B funding.
Backers included Devonshire Investors, the private equity firm affiliated with Fidelity Investments, Rackspace Hosting and Toba Capital as well as existing investors Avalon Ventures, In-Q-Tel, Samsung Venture Investment Corporation.
The company intends to use the capital for global expansion and growth of its support, service, and go-to-market strategies. Cloudant is opening a new office in San Francisco, which adds to the Bristol, U.K. and Seattle offices.
Led by Derek Schoettle CEO, Adam Kocoloski, Co-founder and CTO, Mike Miller, Co-founder and Chief Scientist, and Alan Hoffman, Co-founder and Chief Product Officer, Cloudant provides a managed NoSQL globally distributed database-as-a-service (DBaaS) for loading, storing, analyzing, and distributing operational application data for developers of large Web and mobile applications to eliminate the delays, costs, and distractions inherent in working with databases and their administrators.
FinSMEs
14/05/2013