Cambridge Database Company NuoDB Raises $30M

In maybe the last real neighborhood gather pledges of 2018, Cambridge-based database supplier NuoDB has raised a $30 million value round, as per a SEC documenting. This brings the organization’s aggregate subsidizing to $95 million to date.

Established in 2008, the organization gives SQL database to cloud applications. The round was driven by accomplice Temenos, with extra financial specialists including Hummer Winblad Venture Partners, Longworth Venture Partners, Dassault Systems and Morgenthaler Ventures.

Geneva-based Temenos Group, which makes venture programming for banks and money related administrations grabbed a minority stake in the organization in November. The arrangement permits Temenos customers access to NuoDB’s database answers for the cloud.

Continues from the round will be utilized to subsidize the organization’s go-to-advertise technique, grow building abilities and bolster endeavor interest for the innovation, NuoDB said in an email to BostInno. The organization is effectively hoping to fill some key jobs in item and advertising based out of Cambridge. NuoDB has workplaces in San Francisco, Belfast, Dublin, London and Sofia in Bulgaria.

“This news goes ahead the impact points of a fruitful year punctuated by noteworthy new client wins, key innovation associations and industry investigator approval, situating NuoDB for transformative accomplishment in 2019,” said CEO Bob Walmsley in an email.

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