Tuesday, June 28, 2011

Basho Technologies Targets Big Data, Appoints CEO

Basho Technologies, a start-up based in San Francisco, announced a new round of funding and the appointment of Donald J. Rippert, long time Chief Technology Officer of Accenture, as President and Chief Executive Officer of Basho, effective July 1.

Basho's flagship open source database software product, Riak, is designed to free corporations from the constraints of traditional, highly centralized database architectures. Riak is an alternative to traditional relational database software. Applications running on Riak can sustain catastrophic server, data center, and network failures without outages while avoiding the complexity and expense that characterize applications built using traditional data architectures.

With respect to its Series D equity financing, Basho successfully completed raising $4.0 million in May 2011, following its initial raise of $3.5 million in February 2011.