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Basho Raises Funding for Expanding Market Reach

The exciting news from yesterday are not over yet. Even if the announcement is not official, it already reached press[1]: Basho, creators of the Riak key-value store and Riak Search, the first full text indexing solution integrated with a NoSQL database, have raised in an up round an additional $7.5mil from a private equity firm and Trifork AS, a Danish systems integrator.

Many of the new companies backing NoSQL databases that have raised funds recently were planning to use these investments to expand their technical teams. In Basho’s case, plan is to use this round mostly for expanding their marketing and sales departments. Trifork is also becoming the European distributor of the Riak database.

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  1. As a side note, I’m starting to learn what news embargos mean: it is the deadline that in the rush for getting eye balls is never respected.  

Original title and link: Basho Raises Funding for Expanding Market Reach (NoSQL databases © myNoSQL)