Big Data Storage Startup Basho Nabs $7.5M (And Accenture CTO Don Rippert)
Summary
Basho Technologies, a data storage and management software startup serving the enterprise market, this morning announced that it has raised $7.5 million in Series D funding. In addition, Basho announced that its board of directors has named Donald J. Rippert, long time CTO of Accenture, as the company’s new president and chief executive officer. Basho’s flagship open source database software product, Riak, was specifically built to manage the explosion of data being generated by growing Internet users and web applications (often referred to as ‘Big Data’). Rippert explains why he picked Basho for his next gig: “Relational databases have their place, but they don’t meet all of the changing data management needs of enterprises and agencies. Basho built Riak, its open source data store and management software, from scratch specifically to permit enterprises and agencies to capture enormous amounts of data with database software that is fault-tolerant, highly scalable and easy-to-install and use with absolutely no single point of failure.”
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