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Basho Technologies Closes New Funding Round


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Basho Technologies, the creator and developer of Riak, a distributed NoSQL database, has closed a $25 million Series G funding round led by existing investor Georgetown Partners. The financing is being used to expand development and marketing activities. Basho Technologies is a company that creates software that is easy to operate at scale. Its two most recognized products are Riak, a distributed NoSQL database, and Riak CS, which is Basho’s cloud storage software.

Basho also added two new members to the Basho team: Adam Wray and David McCrory, and leadership has also been added in the departments of product, finance, engineering, and EMEA management.  

“The new Basho management team has made strong progress in positioning the company to capitalize on growth opportunities for solutions that enable enterprises to extract value from the massive amounts of data they generate,” said Chester Davenport, chairman of Basho Technologies and managing director of Georgetown Partners. According to the Basho, the company experienced a significant increase in enterprise adoption in 2014.

The company says it experienced a significant increase in enterprise adoption in 2014. Basho’s milestones during 2014 included the general availability of Riak 2.0, the general availability of Riak CS 1.5, and finishing 2014 with 87%  licensing and 13% professional services revenues.

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