In 2008, the firm was founded by
Barry S. Morris and
Jim Starkey, with Morris serving as CEO until 2015. NuoDB
patented its "
elastically scalable database", filing in March 2011 and receiving approval only 15 months later (July 2012). In 2012, the firm raised $12 million in
venture capital funds. In 2013,
Gartner listed NuoDB as a niche player in its
Magic Quadrant for
Operational Database Management Systems. Boston Business Journal and Mass High Tech named NuoDB as one of their 2014 Innovation All Stars. In February 2014, NuoDB announced an extension to its
Series B funding round led by
Dassault Systèmes. The round added $14.2 million to the company's funding. Morgenthaler Ventures,
Hummer Winblad Venture Partners and Longworth Venture Partners participated in the round. In 2015,
Gartner again listed NuoDB, this time as a Visionary in its
Magic Quadrant for Operational Database Management Systems. NuoDB raised a $17 million financing round in 2016 from existing investors including Dassault Systèmes, Hummer Winblad Venture Partners, Longworth Venture Partners and Morgenthaler Ventures. At that time, the company had raised a total of $59.7 million in funding. In 2017, CauseSquare announced its partnership with NuoDB, selecting NuoDB as the official database for the mobile social engagement platform designed for the
non-profit sector. In 2018, NuoDB became available on the
Red Hat OpenShift Container Platform. One year later, NuoDB added
Kubernetes availability in pursuit of a
cloud-native,
cloud-agnostic, multi-cloud strategy. In 2019,
Temenos AG partnered with NuoDB, promoting
scalability and
IT service continuity. NuoDB was acquired by
Dassault Systèmes in December 2020. ==Technology==