DBaaS Company Cloudant Raises $12 Million in Series B Funding; Adds San Francisco Office

Cloudant, a provider of a globally distributed database-as-a-service (DBaaS), has announced $12 million in series B funding from Devonshire Investors, the private equity firm affiliated with Fidelity Investments; RackspaceHosting, the open cloud leader; and Toba Capital. The company also announced that current investors — Avalon Ventures, In-Q-Tel, Samsung Venture Investment Corporation — purchased additional shares. The funding will be used to support Cloudant’s global expansion and grow the company’s support, service, and go-to-market strategies.

Cloudant’s scalable, managed NoSQL DBaaS is based on a globally distributed network of secure, high-performance data centers that provide high availability and low-latency access to data. Around-the-clock expert monitoring and administration allow customers to offload the administrative burden of operating and scaling distributed databases.

“The market opportunity for managed, hosted databases is large, and the NoSQL model is where major mobile and web applications are moving,” said David Jegen, managing director at Devonshire Investors. “We’re seeing that shift accelerate across the industry with Cloudant in the sweet spot of this market, adding big customer names with a highly scalable and durable DBaaS.”

In addition to the funding news, Cloudant is also announcing the opening of a new office in San Francisco. According to the company, market demand recently also drove the company’s expansion into the U.K. with an office in Bristol, and both new locations are in addition to Cloudant’s Boston headquarters and Seattle office. Cloudant says it will use its new presence to strengthen its relationships with the web and mobile application development communities and to build its brand in the enterprise software market. Cloudant says momentum in the enterprise market has also helped the company acquire new investors such as Vinny Smith at Toba Capital, the former CEO of Quest Software, which he led to IPO and a $2.4-billion acquisition by Dell.


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