Cloudant Raises $12M with Help of Private Equity

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(The Hosting News) – Database-as-a-service provider Cloudant on Tuesday announced the raising of $12 million via the help of private equity firm Devonshire Investors.

Devonshire has worked with Fidelity Investments along with Rackspace Hosting.

The fundraising was announced alongside news that the company would expand into the UK market.

“The market opportunity for managed, hosted databases is large, and the NoSQL model is where major mobile and Web applications are moving,” stated Devonshire Investors managing Director David Jegen via a press release.

Jegen continued, “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.”

Cloudant is known for its NoSQL DBaaS via a data center network.

Cloudant Raises $12M with Help of Private Equity

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