• Basho Technologies

  Led · Equity · Jul 2012

  Basho develops the Riak distributed NoSQL database and the Riak CS cloud storage product, built on an open‑source codebase with an active community. The company has retained high‑profile customers including AT&T, Verizon and The Weather Company and reports an 88% growth in bookings between H2 2013 and H2 2014. Basho has undergone executive turnover and brought in new leadership (CEO Adam Wray, CTO Dave McCrory) as part of efforts to regain traction. The team is geographically dispersed with 100+ employees; the company launched in Cambridge, Mass., and its headquarters is now in Bellevue, Wash. Management says it aims to rebuild mindshare among developers and believes the company could pursue public markets if the current trajectory continues. For now Basho needs to catch up with better‑funded competitors and is using new funding to attempt a comeback. Basho Technologies develops distributed database and cloud storage technology centered on its Riak product line. The company offers Riak EnterpriseDS with advanced replication, services and 24/7 support and recently released Riak CS, a multi‑tenant offering with an Amazon S3‑compatible API for public and private cloud storage. Customers include fast‑growing web businesses and large Fortune 500 enterprises that use Riak for content delivery, global session stores, logging, search and analytics, and to manage, store and stream unstructured data. IDC Frontier will deploy Riak within its cloud computing platform, representing a strategic commercial partnership. Led by CEO Donald J. Rippert, Basho targets scalable, data‑intensive web, mobile and e‑commerce applications and large cloud platforms. Financially, the company has recently secured new equity capital, including a $6.1M investment and a prior $5M equity infusion as part of its Series F. Basho Technologies develops Riak, a distributed data store software platform available in both open‑source and paid commercial versions. Riak is designed for applications that run on the Internet and mobile networks and is particularly suited to cloud infrastructure such as Amazon Web Services and Joyent. The company intends to use newly raised funds to advance engineering and market development of Riak. Basho was founded in 2008 by software architects, engineers and executives from Akamai Technologies. The company has offices in San Francisco, Cambridge and Reston. Recent reported funding history includes raises in 2010 and 2011. Basho Technologies builds Riak, an open-source data store designed for managing large volumes of data with fault tolerance, high scalability and no single point of failure. The company targets enterprise and agency customers with software intended to handle the explosion of internet-generated and web-application data. Basho emphasizes ease of installation and use for its flagship Riak product. The company announced a $7.5 million Series D financing the same day it named Donald J. Rippert as president and CEO. Founder and former CEO Earl Galleher will remain chairman of the board. The hire of a long-time Accenture executive signals a leadership shift aimed at scaling the business and product adoption. Basho Technologies develops Riak, a distributed database designed for internet and mobile applications and optimized for cloud infrastructure such as Amazon AWS and Joyent. Riak aims to free customers from centralized database architectures offered by legacy vendors and to reduce complexity and expense. The software is engineered so applications can sustain catastrophic server, data center, and network failures without outages. The company was founded in 2008 by former Akamai Technologies executives and senior engineers. Current customers include enterprises such as Comcast, Wikia Inc., Mochi Media, and Vibrant Media. Basho expects the financing to accelerate rapid market adoption and to carry the company to profitability by mid-2011.

No current team members are available.