IDC Frontier, a Yahoo Japan data centre subsidiary, has invested $6.2m for a strategic equity stake in Basho, a cloud computing company. Kiichi Yamato, vice-division director of business development division at IDC Frontier, said: “Through this strategic relationship with Basho, IDC Frontier will greatly benefit from the addition of advanced storage capabilities within our cloud infrastructure. We have made a significant evaluation of Riak, and we are highly impressed with its inherent distributed design, built-in redundancy and linear scalability. We plan to embed Riak in our cloud platform. Furthermore, we are excited about working with Basho to accelerate the adoption of Riak throughout Japan. We look forward to a long-term partnership with Basho.” The company previously raised $5m in its series F led by venture firm Georgetown Partners. Last year Denmark-based technology company Trifork acquired 8.35% of Basho Technologies for $1.5m. Trifork, which became the European distributor for Basho’s Riak product, invested as part of a $7.4m series D round. Basho raised $2m in August 2010 from angel investors after launching in 2008 to provide a distributed rather than standard centralised database.
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IDC Frontier invests $6.2m in Basho
Jul 18, 2012 • Toby Lewis
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