Basho, creator of NoSQL Riak database, raises $25M

Basho, the company behind the Riak key-value database and Riak CS cloud-storage system, has raised a $25 million series G round of venture capital led by Georgetown Partners. The company has now raised nearly $60 million in a combination of equity and debt financing since it was founded in 2008.

Basho is among a handful of companies, including MongoDB, DataStax and Couchbase, that seems to have garnered some real traction in the NoSQL space over the past few years. Riak, its flagship open source, database competes most directly against Cassandra, around which DataStax was built. Basho released its Riak CS storage system in 2012 to help users build distributed object stores a la Amazon Web Services’ S3 or OpenStack Swift.

Although it has raised much less capital than its NoSQL peers (MongoDB, for example, just announced an $80 million round on top of the $150 million in closed in October 2013) and had a major executive shakeup in 2014 — the company replaced both its CEO and CTO — Basho claims it’s doing just fine. In an interview on Monday, new CEO Adam Wray cited an 89 percent annual increase in bookings, tens of millions in annual revenue and accounts at some of the world’s largest companies.

Big data, the internet of things and hybrid cloud computing environments are driving many of Basho’s deployments, he added.

Assuming the market for non-relational databases keeps growing like many expect (“One day, we’ll be a $50 billion market space,” Wray said), there’s no reason it can’t support a handful of successful companies. Riak might never have the the user base of MongoDB or the webscale reputation of Cassandra, but if the company can get its act together operationally and the technology remains solid, there should be plenty of business to go around.

And if a large software vendor starts going shopping for NoSQL software, Basho will likely have a much more-palatable price tag than the other big-name options.

NoSQL company Basho loses CEO and CTO

Basho, a NoSQL startup whose Riak database competes against the likes of Cassandra in scale-out environments, has lost its CEO Greg Collins, CTO Justin Sheehy and Chief Architect Andy Gross. In an interview with the Register, Sheehy said the departures aren’t as bad as they look and that the company is in good hands. Perhaps, although whoever replaces Collins will be the company’s fourth CEO since it was founded in 2007, and neither of the company’s co-founders remain. Basho has raised more than $31 million in venture capital, with its last funding round of $11.1 million coming in July 2012.

Storage player Basho open sources Riak CS

Riak CS distributed cloud storage technology has always been sort of open-sourcey but not really open sourced. That’s changing now with Basho putting it under the Apache 2 license.

Basho joins Apache Cloudstack effort

Basho says its Riak CS object store will fit nicely into the CloudStack open-source cloud platform. As service providers and enterprises look for Amazon S3 compatible storage, entries like Riak CS and DreamHost’s new Ceph-based store could be viable options.

NoSQL startup Basho raises $11.1M and storms Japan

Basho Technologies, the company behind the Riak NoSQL database and the Riak CS cloud storage platform, has raised $11.1 million and has entered into a partnership with data center provider IDC Frontier to distribute its technology throughout Japan.

Basho arms would-be Amazon killers with AWS-compatible storage

Basho, a startup that’s already jumped into the NoSQL database deep end, just released cloud-based storage services built on that NoSQL foundation. Expect the competition to be fierce: RiakCS joins a huge pool of cloud storage offerings from everyone from Amazon to Zettanet.

How NoSQL database Riak makes Bump work

Database startup Basho on Tuesday released details of how its Riak NoSQL database underpins Bump. Bump is the seventh most-downloaded free iPhone app of all time — with more than 80 million downloads — so it has a lot of data to store and transfer.