NuoDB Inc. Skyrockets with $14.2M In Funding.
NuoDB Inc. is a Cambridge data base technology startup that has recently acquired themselves an amount of $14.2 million fundraising round that will be used to increase sales and marketing efforts for its distributed data base software that has been designed for cloud.
“NuoDB announced general availability of (the) distributed cloud database one year ago,” said Barry Morris, co-founder and CEO in an email. “We spent the first year proving the product to an initial wave of customers. Now it’s all about building a sales and marketing machine.”
During Wednesday, NouDB had announced its acquisition of over $14.2 million from various investors which include those of Dassult Systemes, A French 3d design software firm. Other investors that where included on the round where Morehentahler Ventures, Hummer Winblad Ventures Partners, Waltham, and Longworth Ventures Partners.
The Inner Workings of NouDB
NouDB offers its customers a database scaling, real-time operational intelligence for distributed databases,and easy to use methods for database administration, all found on their website. The distributed database are portioned off and stored onto multiple computers.
“This investment demonstrates our strong interest and belief in NuoDB’s strategy and technologies for next generation cloud based services,” said Dominique Florack, senior vice president of products and R&D for Dassault Systèmes, in a statement. “NuoDB delivers a lot of the features required to address the market needs in terms of usages in the new world of experiences.”
Adding this recent round of $14.2 million has brought NouDB up to a total investment of $26.2 million.