NuoDB, a Cambridge, MA-based database for cloud-enabled global applications, completed a $17m funding round.
Backers included existing investors Hummer Winblad Venture Partners, Longworth Venture Partners, and Morgenthaler Ventures.
The company intends to use the funds to further refine its database offering while also expanding sales and marketing efforts.
Led by Bob Walmsley, President and CEO, NuoDB provides an SQL database for the cloud and the modern datacenter that allows businesses to face daily application deployments, which requires them to maintain business continuity and applicaton performance and ensure geo-distributed data management.
The ACID compliant database distributes tasks among different several processors to avoid bottlenecks of data and uses peer-to-peer messaging to route tasks to nodes.
The company also has offices in Dublin and Belfast.
FinSMEs
22/03/2017