FoundationDB, a US-based technology startup which provides distributed database software, has raised $17m led by private equity firm Sutter Hill Ventures, with additional funds from existing angel investors and CrunchFund, the early-stage venture capital firm of internet media company AOL.
David Rosenthal, founder and chief executive officer of FoundationDB, said: “This exceptional level of investment reflects the exciting things that you, our customers and users, are doing with FoundationDB, as well as confidence in what our talented team can continue to build. While we’re excited to be participating and competing in the fast-growing NoSQL market, this year we’re also going to show you that FoundationDB is not just another NoSQL database.”
FoundationDB was founded in 2009.