Congratulations to Under the Radar Alumni Cloudant, who took a win today with a round raised from Samsung. Other investors include Y Combinator and Avalon Ventures, with disclosed investments in the company totalling $4 million.
The additional fundraising will be used to further R&D into mobile application data management and data distribution technologies — an area that becomes increasingly important with the proliferation of smartphones, tablets and other connected devices that rely on content stored in the cloud. Cloudant’s technology covers the storage, processing, transfer, and management of the data that is consumed on these devices (Source).
Cloudant presented at Under the Radar in 2010. You can see their presentation HERE.
We’ll say we knew you when!