Database startup NuoDB raises $14.2 million in funding

NuoDB, the leader in distributed database technology, announced today that it has closed a new round of investment. In addition to existing investors, Dassault Systèmes , the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management solutions, has made an investment in the company. 

It’s always a good sign when a big user of a technology wants to pay for further development. That’s what’s going on at database startup NuoDB, which today is announcing a $14.2 million funding round with participation from a major user of the database. Dassault Systemes, the second-largest software company in Europe (behind SAP), is part of the round, and with pretty interesting reasons. Dassault provides big brands with tools to design products in 3D, but instead of requiring its customers to run that software in their own on-premises data centers, it’s looking to provide the software as cloud services,.