NuoDB Completes $17M Funding Round
Summary
NuoDB, a Cambridge, MA-based database for cloud-enabled global applications, completed a $17m funding round.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.
Funding
Amount
$17.0M
Total raised
Date
February 22, 2016
Announcement date
Investors
HWVP Hummer Winblad Venture Partners, Longworth Venture Partners, Morgenthaler Ventures
Lead investors
Company
http://www.nuodb.com
Funded company
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Dassault Systèmes
$10M to $25M