NuoDB Raises $14.2M Round Led By Dassault Systèmes For Its Distributed Database Management System
NuoDB, a Cambridge, Mass.-based database company that specializes in distributed database management, today announced that it has raised a $14.2 million funding round led …
Context & Ripple Effects
NuoDB's round follows DataStax's $45 million raise in 2013 for a database platform aimed at data-intensive workloads. Together, the financings show investors backing database suppliers built around alternatives to conventional database architectures.
Dassault Systèmes leading NuoDB's $14.2 million round gives the Cambridge company a named strategic investor as it develops its distributed database-management system.
First-order effects
- NuoDB gains $14.2 million to fund development and commercialization of its distributed database-management system, with Dassault Systèmes as the round's lead investor.
Second-order effects
- DataStax and other database-platform vendors face another well-funded specialist competing for enterprise database deployments and developer adoption.
Third-order effects
- If investment continues to concentrate in specialized database platforms, enterprise data infrastructure is likely to fragment into more workload- and architecture-specific suppliers rather than a single default database layer.
The trend: Database investment is moving toward specialized platforms designed for modern, data-intensive and distributed workloads.