Basho Technologies, maker of the NoSQL database Riak, has scored $25 million in venture funding following the appointment of Adam Wray as CEO.
Wray previously served as CEO of Tier 3, the Bellevue cloud computing startup that was sold to CenturyLink in 2013.
With Wray at the helm of Basho, the company is now based in Bellevue, though many of its more than 110 staffers are spread across the globe. The company, previously based in Cambridge, Mass. — now employs about 20 people in Bellevue, including the CEO, CFO and CTO.
In addition to Wray, Dave McCrory, formerly of Warner Music Group and VMware, was recently named CTO. Both Wray and McCrory joined last March.
The new funding — a series G round — was provided by Georgetown Partners. TechCrunch reports that the company previously raised $32.5 million across five rounds, and that the new cash will be used to help the seven-year-old company regain some ground against players such as Couchbase, MongoDB and DataStax.
“Worldwide demand for NoSQL technologies is driving our growth and greatly expanding our large enterprise deployments,” said Wray in a press releaase. “As NoSQL moves into primetime, we’re seeing more enterprises seek solutions that address a broad range of unstructured data requirements and we expect this trend to increase rapidly.”
Basho grew bookings by 88 percent from the second half of 2013 to the second half of 2014, and it landed a number of enterprise deals of more than $1 million. More than 30 percent of the Fortune 50 have deployed Basho’s NoSQL database or its cloud storage service. Customers now using Basho include the United Kingdom’s National Health Service, Tapjoy and The Weather Company.
The Weather Company, for example, collects 20TB of data each day from satellites, radars, forecast models and weather stations.
“This data helps us deliver the world’s most accurate weather forecast as well as deliver more severe weather alerts than anyone else, so it is absolutely mission critical and has to be available all of the time,” said Bryson Koehler, executive vice president and CITO for The Weather Company. “Riak Enterprise Software gives us the flexibility and reliability that we depend on to enable over 100,000 transactions a second with sub 20ms latency on a global basis.”
