The distributed systems outfit Basho Technologies have secured a $25 million Series G funding that will see expansion in development and marketing activities. The company also charted record sales growth in 2014, it revealed earlier last week.
Existing investor Georgetown Partners spearheaded the round.
Basho’s open source distributed NoSQL database, Riak and cloud storage software, Riak CS claim to be highly available, fault-tolerant and easy-to-operate at scale, and apparently are used by ‘fast growing Web businesses and by one third of the Fortune 50 to power their critical Web, mobile and social applications, and their public and private cloud platforms.’
“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, the managing director of Georgetown Partners who is also the chairman of Basho Technologies.
“Riak and Riak CS software have extremely strong product roadmaps for 2015 and sales momentum is impressive. With Series G funding secured, I have confidence Basho will establish itself as a leading unstructured data solutions provider in 2015,” he added.
Founded in 2008, the company has garnered almost $60 million through equity and debt financing.
GigaOm points out that in an interview on Monday, newly appointed CEO Adam Wray cited an 89 percent annual increase in bookings, tens of millions in annual revenue and accounts at some of the world’s largest companies.With the growth projected for non-relational databases, Basho iand peers such as MongoDB, DataStax and Couchbase hold chances for greater success.
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(Image credit: Garrett Coakley, via Flickr)
