Vienna, VA-based FoundationDB today announced a $17M Series A, led by Sutter Hill Ventures, with contributions from existing backers CrunchFund and angel investors. The funding will be used to support development of FoundationDB’s platform for distributed storage that combines NoSQL with ACID transactions.
“This exceptional level of investment reflects the exciting things that you, our customers and users, are doing with FoundationDB, as well as confidence in what our talented team can continue to build,” said FoundationDB Co-founder and CEO David Rosenthal on the company’s blog.
Founded in 2009, FoundationDB is known for creating technology that can scale across a distributed infrastructure without any single point of failure, unlike most of the other NoSQL databases on the market.
What sets FoundationDB apart from the competition is its transaction core, which is based on ACID. First developed in the 1970’s, ACID is a set of properties that ensures database transactions are processed correctly.
FoundationDB is taking database technology in an entirely new direction by offering options backed by SQL reliability that are highly usable for Internet-scale applications.