Samsung Ventures Adds Cloudant to its Portfolio of Leading Mobile Service
Solution and Data Network Companies
BOSTON, Feb. 6, 2013
BOSTON, Feb. 6, 2013 /PRNewswire/ --Cloudant, a leading provider of a
globally distributed database-as-a-service (DBaaS), today announced that
Samsung Venture Investment Corporation (Samsung Ventures) has made a strategic
investment. The funding will be used to advance research and development to
further improve global data distribution technologies and mobile application
(Logo: http://photos.prnewswire.com/prnh/20120509/NE04144LOGO )
Global data distribution, mobile replication and synchronization, expert
monitoring, and scalable performance are key features demanded by government
agencies, enterprise customers, and small- to medium-sized businesses. As the
number of mobile and Internet-enabled devices grows exponentially, so does the
data associated with these devices. In order to store, process, transfer, and
manage the volume and complexity of this data, organizations are increasingly
turning to Cloudant's highly scalable NoSQL DBaaS. Cloudant is able to
distribute application data across a global network of highly secure,
high-performance data centers while providing non-stop data access with
low-latency for its customers.
"Samsung Ventures believes a globally distributed data layer and management of
that data is especially critical for large enterprise businesses," said
Hyuk-Jeen Suh, Senior Investment Manager with Samsung Ventures America. "We
felt that this is the right time to strategically invest in Cloudant to
support the company's vision to manage the proliferation of data to be created
by, for example, mobile devices, machine-to-machine (M2M) technologies, and
the 'Internet of things' in the future."
"Cloudant looks forward to enhancing our research and development efforts,
especially in the mobile technology platform, to accelerate our progress in
the market for database-as-a-service," said Cloudant CEO Derek Schoettle.
About Samsung Venture Investment Corporation
Samsung Venture Investment Corporation manages investment and
investment-related activities for Samsung affiliate companies. The investment
mandate for Samsung Venture Investment Corporation tracks closely to the
strategic priorities of Samsung affiliate companies' core operating divisions,
and encompasses investments in semiconductors, displays, telecommunications,
and consumer electronics.
Cloudant provides the world's first 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. Cloudant's DBaaS is a managed service that helps developers
eliminate the delays, costs, and distractions inherent in working with
databases and their administrators, while providing unmatched scalability,
availability, and performance. This capability accelerates time-to-market and
time-to-innovation because it frees developers from the mechanics of data
management so they can focus exclusively on creating great applications.
Cloudant is privately held and backed by top-tier investors including Avalon
Ventures, In-Q-Tel, Samsung Venture Investment Corporation, and Y Combinator.
For more information, visit www.cloudant.com.
General inquiries and sales:
Davies Murphy Group, Inc.
Press spacebar to pause and continue. Press esc to stop.