Samsung Ventures has made a strategic investment in Cloudant to advance research and development
Database as a service provider Cloudant announced on Wednesday that Samsung Ventures has made a strategic investment to advance research and development to drive global data distribution technologies and mobile application data management.
The undisclosed investment comes as Cloudant has reported twelve-fold growth in recurring monthly revenue numbers in 2012.
Database as a service offers a variety of benefits including cost savings, faster application and development testing and improved developer productivity through automation, according to a report by Forrester Research and VMware.
Cloudant provides a scalable NoSQL database as a service, and works with a range of government agencies, enterprise customers and SMBs. It has partnered with cloud providers like Rackspace to offer Cloudant NoSQL database as a service for web and mobile applications to their customers.
“Samsung Ventures believes a globally distributed data layer and management of that data is especially critical for large enterprise businesses,” Hyuk-Jeen Suh, senior investment manager with Samsung Ventures America said in a statement. “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 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,” Cloudant CEO Derek Schoettle said in a statement.
Talk back: Do you think the Samsung investment in Cloudant is a good sign for the database as a service market? Have you partnered with a database as a service provider? Let us know in a comment.
About Nicole Henderson
Nicole Henderson is the Editor in Chief of the Web Host Industry Review where she covers daily news and features online, as well as in print. She has a bachelor of journalism from Ryerson University in Toronto. You can find her on Twitter @NicoleHenderson.
