Akiba Technologies Secures $6,530,000 Series A Round

  • Feed Type
  • Date
    7/20/2009
  • Company Name
    Akiba Technologies
  • Mailing Address
    Undisclosed Boston, MA 02101
  • Company Description
    Akiba, Inc., a Boston-based startup, is developing a database virtualization solution that enables effortless scalability of a database across nodes, both within the enterprise and in the cloud. Based on our patent-pending Akiba Orthogonal Architecture (AOA), we have practically eliminated the complexity of managing joins across a relational database, turning an I/O problem into a scalable CPU solution. AOA breaks through long-established barriers of performance and scalability. Administration needs are cut to a fraction of previous levels thanks to self-healing techniques. Early customers, along with a working prototype have validated both the technology and Akiba’s unique value proposition.
  • Website
    Undisclosed
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $6,530,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Foundation Capital
  • Venture Investor
    North Bridge Venture Partners

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