In perhaps the final major local fundraise of 2018, Cambridge-based database provider NuoDB has raised a $30 million equity round, according to an SEC filing. This brings the company's total funding to $95 million to date.
Founded in 2008, the company provides SQL database for cloud applications. The round was led by partner Temenos, with additional investors including Hummer Winblad Venture Partners, Longworth Venture Partners, Dassault Systems and Morgenthaler Ventures.
Geneva-based Temenos Group, which makes enterprise software for banks and financial services picked up a minority stake in the company in November. The deal allows Temenos clients access to NuoDB's database solutions for the cloud.
Proceeds from the round will be used to fund the company’s go-to-market strategy, expand engineering capabilities and support enterprise demand for the technology, NuoDB said in an email to BostInno. The company is actively looking to fill some key roles in product and marketing based out of Cambridge. NuoDB has offices in San Francisco, Belfast, Dublin, London and Sofia in Bulgaria.
"This news comes on the heels of a successful year punctuated by impressive new customer wins, strategic technology partnerships and industry analyst validation, positioning NuoDB for transformative success in 2019," said CEO Bob Walmsley in an email.
