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Database-as-a-Service Company Cloudant Receives $12 million Funding, Opens New Branch

May 15, 2013
by Staff Writer

Database-as-a-Service (DBaaS) company Cloudant has received $12 million in funding from private equity firm Devonshire Investors, open cloud company Rackspace Hosting and venture firm Toba Capital (run by Vinny Smith, formerly the Quest Software CEO). In addition, venture capital fund Avalon Ventures, not-for-profit venture capital firm In-Q-Tel, and Samsung Venture Investment Corporation, the company's current investors, have all increased the number of shares they own. The series B funding will finance Cloudant’s global expansion plans and strengthen its support services and marketing strategies.

Cloudant offers a globally distributed managed NoSQL database-as-a-service (DBaaS) which allows Web and mobile applications developers to load, store, analyze, and distribute operational application data and ultimately speed up time-to-market and time-to-innovation. The scalable and highly available service helps developers avoid unnecessary costs and delays, and helps database administrators avoid some of the key issues related to working with databases. The solution is based on a globally distributed network of data centers and includes 24/7 monitoring.

"The market opportunity for managed, hosted databases is large, and the NoSQL model is where major mobile and Web applications are moving,” explained Devonshire Investors' Managing Director, David Jegen. "We’re seeing that shift accelerate across the industry with Cloudant in the sweet spot of this market, adding big customer names with a highly scalable and durable DBaaS."

Cloudant also announced the opening of a new office in San Francisco. The news comes on the heels of the company's launch in the United Kingdom and its opening of an office in Bristol, UK.

Do you know of any other companies that have received additional investment recently? Let us know the details. Add your comments below?

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