NuoDb has garnered much attention over the years. In 2012, the firm earned 12 million dollars in venture capital and later went on to acquire over 60 million dollars in total funding by the year 2016. In 2013 the company was recognized as on of Boston’s Business Journals innovation all stars. The impressive database technology company has won over many investors and awards mostly in part to it’s useful and advanced elastic technology.
The cloud database company based in Cambridge originated in 2008 under the name NimbusDB. Three years in the future the company decided NuoDb was a more fitting name for the company. NuoDB holds a patented technology called “elasticity scalable database”. This is defined as an elastic SQL database for the efficiency and improvement of cloud applications. The technology is utilized by many notable companies. The technology is often referred to as NewSQL. It allows servers to scale out without any sharding, meaning that no errors occur and the servers run fast and efficiently. Tasks within the database are elected to the correct processors via peer to peer communication that accurately distributes the matching tasks to the correct nodes. This technology is used by companies like Kodak and the UAE Exchange.