Akiba Technologies Secures $6,530,000 Series A Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ae232cc7-59bb-46a6-b765-ca779c3d962a&Preview=1 -
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
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Transaction Type
Venture Equity -
Transaction Amount
$6,530,000 -
Transaction Round
Series A -
Proceeds Purposes
Proceeds purposes were not disclosed. -
M&A Terms
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Venture Investor
Foundation Capital -
Venture Investor
North Bridge Venture Partners
