Cloud Database Startup NuoDB Gets $14.2 Million Investment
March 2, 2014
Grazed from eWeek. Author: Chris Preimesberger.
NuoDB, Inc., a cloud-based database startup based in Cambridge, Mass., on Feb. 28 announced that it has secured a $14.2 million investment led by European-based 3D software maker Dassault Systemes. Also participating in the round are NuoDB’s existing investors, which include Morgenthaler Ventures, Hummer Winblad Venture Partners, and Longworth Venture Partners.
NuoDB claims to provide scale-out performance, continuous availability and geo-distributed data management. This is a single, logical database that can be deployed via the cloud in multiple locations simultaneously…
The investment not only bolsters NuoDB’s growth but also is a testimonial to the current trend of older software vendors who are looking to deliver their applications via the cloud. Conventional databases, run in on-premises data centers, by their very nature do not have the agility that a cloud-based solution brings to the table…
Read more from the source @ http://www.eweek.com/innovation/tech-deals-and-startups/cloud-database-startup-nuodb-gets-14.2-million-investment.html