Cloudant Receives Investment from Samsung Venture Investment

Cloudant, a Boston, MA-based provider of a globally distributed database-as-a-service (DBaaS), raised an undisclosed amount of funding from Samsung Venture Investment Corp.

The company intends use the capital to advance research and development to further improve global data distribution technologies and mobile application data management.

Founded in 2008 and led by CEO Derek Schoettle, Cloudant provides provides government agencies, enterprise customers, and small- to medium-sized businesses with a globally distributed database-as-a-service (DBaaS) for loading, storing, analyzing, and distributing operational application data for developers of large and/or fast-growing Web and mobile applications.
The company had previously raised $4m from several investors including from Avalon Ventures, In-Q-Tel, Samsung Venture Investment Corporation, and Y Combinator.



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