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DBaaS Company Receives Additional Funds From Devonshire Investors, Rackspace, and Toba Capital

BOSTON — May 14, 2013 — Cloudant, provider of a globally distributed database-as-a-service (DBaaS), today announced $12 million in series B funding from Devonshire Investors, the private equity firm affiliated with Fidelity Investments; Rackspace Hosting, the open cloud leader; and Toba Capital. The company also announced that current investors — Avalon Ventures, In-Q-Tel, Samsung Venture Investment Corporation — purchased additional shares. The funding will be used to support Cloudant’s global expansion and grow the company’s support, service, and go-to-market strategies.

“The market opportunity for managed, hosted databases is large, and the NoSQL model is where major mobile and Web applications are moving,” said David...

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