NoSQL database maker FoundationDB recently closed USD17 million in a funding round led by Sutter Hill. The new round brought the company's total funding to approximately USD23 million. This was according to a report published by VentureBeat.
FoundationDB is a tech startup based in Vienna, Virginia. Its main product is a NoSQL database which was launched in August. The said database uses ACID properties to ensure the reliability in processing of database transactions. The startup closed beta after four years, the report said.
Chief Executive Officer Dave Rosenthal told VentureBeat today: "FoundationDB's transactional guarantees put us ahead of the pack and allow us to deliver multiple data models side by side as layers."
With the newly raised capital, FoundationDB would be able to hire more staff for its sales and marketing endeavors. The company's expansion project would be implemented across its offices in Virginia and Massachussetts, VentureBeat reported.
Sutter Hill's managing director, Sam Pullara, would be joining FoundationDB's board of directors, said the report.
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