Basho Technologies, Inc., a Cambridge, Massachusetts-based provider of an innovative distributed database software, has secured $2m from undisclosed angel investors in a Series C preferred equity financing.
Designed to work with applications that run on the Internet and mobile networks, Riak is considered well-suited for users of cloud infrastructure such as Amazon’s AWS and Joyent’s Smart platform.
It aims to free corporations from the constraints of traditional, highly centralized database architectures (like those offered by Oracle, IBM, Microsoft, etc.). According to the company, applications built with Riak can sustain catastrophic server, data center, and network failures without outages while avoiding the complexity and expense that characterize applications built using traditional, highly centralized databases.
Founded in 2008 by former Akamai Technologies executives and senior engineers, the company expects this financing will accelerate rapid market adoption of its software and carry it to profitability by mid-2011.
Current customers include Enterprises like Comcast, Wikia Inc., Mochi Media, and Vibrant Media