Founded in 2008, NuoDB is a Gartner Magic Quadrant recognized database with its headquarters in Cambridge Massachusetts. NuoDB was established in 2008 under the name NimbusDB but went on to change the name to NuoDB in 2011. The company was founded by chief executive officer Bassy S. Morris and Jim Starkey. They introduced and patented the elastically scalable database upon which the company is predicated in 2012 and proceeded to receive a 12 million dollar venture capital in 2012.
In a short span of time since it was founded, NuoDB has received several accolades in the tech industry, most notable of which is Gartner which declared NuoDB a niche player in the magical Quadrant in 2013. The Gartner Magic Quadrant recognizes organizations that make Operational Database Management Systems. In 2014, NuoDB was named an innovation Allstar by the Boston Business Journal and Mass High Tech. Its technology has been used by Kodak, UAE Exchange, Alfa Systems and Dassault Systemes.
In 2014, NuoDB engaged in its series B funding round which was led and powered by Dassault Systemes. This round of funding boasted the participation of Longworth Venture Partners, Morgenthaler Ventures, and Hummer Winblad Venture Partners. It added 14.2 million dollars to NuoDb’s funding and ensured that it would continue with its operations and attain excellent growth and development.