Follow The Money: 10 Recent Tech VC Investments To Watch In May

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Headquarters: Boston

CEO: Derek Schoettle
New Funding: $12 Million
Round: B
Backers: Devonshire Investors, Rackspace, Toba Capital, Avalon Ventures, In-Q-Tel, Samsung Venture Investment Corp.

Cloudant, a managed NoSQL database-as-a-service company, received a $12 million cash infusion in order to help fund a variety of efforts involving global expansion, support, service and go-to-market strategies. The company recently opened a new office in the UK, and announced intentions to open an additional facility in San Francisco.


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