Sones, developer of the GraphDB graph database, has raised a ‘couple of millions’ of euros to expand its cloud computing business and open source community. Investors include KfW Bankengruppe, the early stage venture capital fund of Saxony, and T-Venture, the venture capital arm of Deutsche Telekom. Back in 2008, sones had already landed an undisclosed amount of seed capital from T-Venture.
GraphDB supplements traditional relational databases and is currently available as a scalable cloud solution from Microsoft Azure and the Amazon Cloud. Basically, the technology is designed to bring together and link data from various SQL databases, enabling entirely new business applications.
Sones is said to be recruiting new developers, marketing and sales folks. It will also open its new head office in Leipzig in January.
According to Market Research Media, the NoSQL market is expected to generate $5.6 billion in revenue by 2015.