New executive team secured additional funding and drove strong bookings growth
BELLEVUE, Wash. – January 13, 2015 – Basho Technologies, the creator and developer of Riak®, the industry leading distributed NoSQL database, today announced record 2014 sales growth along with closure of a $25 million Series G funding round led by existing investor Georgetown Partners. The financing is being used to expand development and marketing activities.
The company achieved several critical milestones in 2014:
- Grew bookings 62 percent sequentially in Q3 and 116 percent sequentially in Q4
- Grew bookings 88 percent from second half 2013 to second half 2014
- Ended 2014 with 87 percent licensing, 13 percent professional services revenues
- Closed numerous multi-million dollar enterprise deals
- Shipped Riak 2.0
- Shipped Riak CS 1.5
- Replaced Oracle at National Health Service of UK
“The new Basho management team has made strong progress in positioning the company to capitalize on growth opportunities for solutions that enable enterprises to extract value from the massive amounts of data they generate,” said Chester Davenport, chairman of Basho Technologies and managing director of Georgetown Partners. “Riak and Riak CS software have extremely strong product roadmaps for 2015 and sales momentum is impressive. With Series G funding secured, I have confidence Basho will establish itself as a leading unstructured data solutions provider in 2015.”
In March, Basho announced Adam Wray, formerly CEO of Tier 3, as CEO and Dave McCrory, formerly of Warner Music Group and VMware, as CTO. The company also added executive leadership for product, engineering, finance and EMEA management.
Basho has been widely recognized for innovation in distributed systems since being founded in 2008 and Riak has been deployed by more than 30 percent of the Fortune 50. The company experienced a significant increase in enterprise adoption in 2014 in a variety of industries, including advertising, financial services, gaming, retail and healthcare, replacing Oracle at the United Kingdom’s National Health Service.
The Weather Company, which oversees popular brands such as The Weather Channel, weather.com, Weather Underground, Weather Central and WSI, initially selected Riak Enterprise with its Multi-Datacenter Replication capabilities while still being extremely lightweight, easy to use and simple software.
“The amount of data we collect from satellites, radars, forecast models, users and weather stations worldwide is over 20TB each day and growing quickly. This data helps us deliver the world’s most accurate weather forecast as well as deliver more severe weather alerts than anyone else, so it is absolutely mission critical and has to be available all of the time,” said Bryson Koehler, executive vice president and CITO for The Weather Company. “Riak Enterprise Software gives us the flexibility and reliability that we depend on to enable over 100,000 transactions a second with sub 20ms latency on a global basis.”
Tapjoy first deployed Riak software to guarantee performance and uptime, even with peak traffic. It found that Riak helped them keep costs down, decrease engineering complexity, and reduce operational effort due to its ease of use and general stability.
“Two years ago, we implemented Riak Enterprise Software due to its high availability, operational simplicity, and ability to scale,” said Wes Jossey, head of operations at Tapjoy. “When we began, our clusters typically moved around 40,000 operations per second at peak. Today, we now see peaks well over 250,000 operations per second, all while sustaining sub-millisecond response times and rock solid stability. Despite this massive change in growth, we still do not employ any full-time engineers to work on our Riak cluster. It’s really that easy to use.”
OpenX became a Basho customer in 2012 to address multi datacenter replication and to consolidate the number of databases it was using to support its ad trafficking system. Riak Enterprise Software meets OpenX high availability and scale objectives with its multi-data center replication achieving over a billion daily real-time ad requests from a global audience.
“Basho has established themselves as a key OpenX partner,” said Matt Davis, site reliability engineer at OpenX. “They have worked with us in true partnership fashion to keep up with our rapidly scaling business and have always addressed our concerns in a timely manner. As a supporter of both Riak software and the greater Erlang community, OpenX appreciates the strong engineering prowess at Basho.”
“Worldwide demand for NoSQL technologies is driving our growth and greatly expanding our large enterprise deployments,” said Wray. “As NoSQL moves into primetime, we’re seeing more enterprises seek solutions that address a broad range of unstructured data requirements and we expect this trend to increase rapidly. We set aggressive product and sales goals for 2014 and I couldn’t be happier with our achievements this year. We look forward to continuing this acceleration into 2015 and beyond.”
- Basho Website (http://basho.com)
- Basho Blog (http://basho.com/blog/)
- Riak® software (http://basho.com/riak/)
- Riak® CS software (http://basho.com/riak-cloud-storage/)
- Additional Resources (http://basho.com/resources/)
- Twitter: @Basho (https://twitter.com/basho)
- LinkedIn (https://www.linkedin.com/company/basho-technologies-inc)
About Basho Technologies
Basho is a distributed systems company dedicated to making software that is highly available, fault-tolerant and easy-to-operate at scale. Basho’s distributed database, Riak®, the industry leading distributed NoSQL database, and Basho’s cloud storage software, Riak® CS, are used by fast growing Web businesses and by one third of the Fortune 50 to power their critical Web, mobile and social applications, and their public and private cloud platforms.
Riak is the registered trademark of Basho Technologies, Inc. Basho is a distributed systems company dedicated to making software that is highly available, fault-tolerant and easy-to-operate at scale. Basho’s Riak software is the industry leading distributed NoSQL database software. Basho’s Riak CS software is cloud storage software used by fast growing Web businesses and by one third of the Fortune 50 to power their critical Web, mobile and social applications, and their public and private cloud platforms.
Riak software and Riak CS software are available open source. Riak Enterprise Software and Riak CS Enterprise Software offer enhanced multi-datacenter replication and 24×7 Basho support. For more information, visit basho.com.
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April 14, 2014
Modern day advertisers are faced with many new challenges to ensure they can provide highly available, low latency experiences to thousands of clients and partners, and millions of users. They are also tasked with serving large amounts of data all over the world and can experience significant traffic spikes. That is why advertisers are switching to Riak for their database solution. Riak’s redundant, fault-tolerant design ensures that advertising companies can serve data reliably and quickly. Riak is also built for operational simplicity at scale and helps advertisers quickly grow to meet peak loads.
Top Use Cases for Riak in Advertising
- Serving Ad Content: Riak’s rapid storage and content agnosticism makes it ideal for storing ad content and handling influxes of ad traffic.
- Session Storage: This type of data is naturally a good fit for Riak’s key/value model. This data can also be encoded in many different ways and can evolve without any administrative changes to the schema.
- Mobile Experiences: Riak is ideal for the low-latency, always-available small object storage needed to power mobile experiences across platforms.
- Global Data Locality: Riak Enterprise’s multi-datacenter capabilities allow advertisers to maintain a global data footprint while providing an always-on, low-latency experience, anywhere in the world.
Riak in Production
Riak is already in production at many top advertising and marketing organizations. Here’s a look at a few that have switched to Riak.
Tapjoy is a mobile advertising and monetization platform that is available on over one billion devices across the world. They selected Riak due to its high availability, low-latency, and multi-datacenter replication. They store 48TB of data in Riak and operate hundreds of thousands of reads/writes per second. Learn more about why Tapjoy selected Riak from the case study.
OpenX is an ad technology platform that serves trillions of ads. They use Riak for user and trafficking data behind their data services API. OpenX also uses Riak’s multi-datacenter replication across several data centers. Watch Anthony Molinaro (Infrastructure Architect at OpenX) talk about how they use Riak for their serve-time data needs.
Velti is a mobile marketing and advertising technology provider. They use Riak for their interactive mobile platform, including letting people interact with their TV by voting, giving feedback, participating in contests, etc. Velti runs 18 nodes across two data centers, which provides them with scale, durability, and availability. Their case study goes into more detail about the process of moving to Riak.
JBA is a digital consultancy that specializes in developing customer understanding and behavioral targeting. They use Riak as a core part of their behavioral analysis and remarketing tool. They store over 10 million objects in Riak and can easily scale up to account for holiday sales cycles or new product releases as needed. Learn more about why they selected Riak from the beginning from their case study.
Moz provides analytics software to track all of a website’s inbound marketing efforts on one platform. They support over 27,000 customers and 300,000 community members worldwide. Moz uses Riak to store customer campaign search engine rankings data. Learn more about how Riak outperformed Cassandra at Moz in the case study.
Data Modeling in Riak
Riak has a “schemaless” design. Objects are comprised of key/value pairs, which are stored in flat namespaces called buckets. Here are some common approaches to structuring advertising data with Riak’s key/value design:
|Advertisement||Campaign ID||Ad Content|
|User Data||Login, Email, UUID||User Attributes (often stored as a JSON document)|
|Image or Video Content||Content Name, ID or Integer||.JPG, .PNG, .GIF or other image format; .MOV, .MPG, .MP4 or other video file format|
|Session Information||User or Session ID||Session Data|
To learn more about how advertisers can use Riak for their data needs, check out the complete overview, “Advertisers on Riak: A Technical Introduction.” To get started with Riak, Contact Us or download it now.
December 30, 2013
2013 was a huge year for Basho Technologies and before we dive into 2014, we thought we’d take a moment to reflect on how far we’ve come.
2013 was the year of the Riak User. We love hearing about all the amazing ways companies across various industries are using Riak. This year, we were able to share dozens of exciting case studies. These include:
- Synacor’s TV Everywhere platform
- Enstratius (acquired by Dell)
- Best Buy
- Alert Logic
- Viggle (through OmniTI)
- Turner Broadcasting
- Hosted Graphite
- Gilt Groupe
- Praekelt Foundation
- National Health Service
- City Maps
- The Weather Company
For even more Riak Users, check out the Users Page.
We released Riak 1.3, Riak 1.4, and the Technical Preview of Riak 2.0 this year. These releases added such features as Active Anti-Entropy, revamped Riak Control, queryability improvements, Riak Data Types, and much more. Be on the lookout for the general release of Riak 2.0 early next year.
This year, we expanded RICON, Basho’s distributed systems conference, to both RICON East and RICON West. These were both sold out conferences that featured speakers from bitly, Comcast, Google, Netflix, Salesforce, The Weather Company, Turner Broadcasting, Twitter, and many more.
We drastically increased the number of Basho partners in 2013. For a full list of partners, check out the Partnerships Page. Some key ones to note include Tokyo Electron Device, SoftLayer, and Seagate.
Our amazing community team hosted over 200 meetups around the world this year. On top of that, they also attended dozens of industry events to spread the word about Basho. Keep an eye on the Events Page to see where we’ll be in 2014.
2013 was a busy year but, with some exciting announcements coming, we look forward to an even busier 2014. Happy New Year!
December 23, 2013
A few weeks ago, we hosted a webinar with 451 Research entitled, “Beyond NoSQL – Distributed Databases in Production.” This webinar featured Matt Aslett (Research Director at 451 Research), Bobby Patrick (EVP and CMO at Basho Technologies), and Wes Jossey (Systems Engineer at Tapjoy).
During this one-hour webinar, we discuss the history of NoSQL, the current NoSQL landscape, and then dive into Basho’s Riak. Wes Jossey also presents a case study from Riak User, Tapjoy, about how they use Riak as the cornerstone of their data management strategy. Finally, we wrap up with a look at what’s to come with Riak 2.0.
If you weren’t able to attend this webinar (or would like to rewatch it), the recording is now available. Simply register here to receive a link to watch the recording: info.basho.com/BeyondNoSQL_Recorded.html
December 9, 2013
Tomorrow (December 10th) at 10am PT/1pm ET, we will be hosting a live webinar, “Beyond NoSQL – Distributed Databases in Production.” This webinar will feature Matt Aslett (Research Director at 451 Research), Bobby Patrick (EVP and CMO at Basho Technologies), and Wes Jossey (Systems Engineer at Tapjoy). There are still seats available, and you can register here for more details.
This webinar will talk about the history of NoSQL and what issues NoSQL aimed to solve in regard to relational systems. It will then look at the current NoSQL landscape and architecture trends. From there, the webinar will focus on Basho’s Riak, a distributed NoSQL database, and some of its key features and use cases. Tapjoy, the mobile performance-based advertising platform (and Riak user) will discuss how they use Riak to provide reliable data locality to their customers and why they selected Riak to be the cornerstone of their data management strategy. Finally, it will wrap up with a look at what’s to come with Riak 2.0 and have a live question and answer session.
Be sure and register now for “Beyond NoSQL – Distributed Databases in Production.”
November 27, 2013
Join Basho and 451 Research on Tuesday, December 10th at 10am PT for a live webinar, “Beyond NoSQL – Distributed Databases in Production.”
This webinar will feature Matt Aslett, Research Director at 451 Research, and Bobby Patrick, EVP and CMO at Basho Technologies. This webinar will set the stage with NoSQL trends and adoption across various industries. It will then discuss some of the key benefits of distributed NoSQL systems and explore how systems like Riak are evolving.
Wes Jossey, Systems Engineer at Tapjoy, will also be joining the webinar to discuss how Tapjoy uses distributed databases to provide reliable data locality to their customers through multi-datacenter replication.
Register here for the free “Beyond NoSQL – Distributed Databases in Production” webinar.
November 21, 2013
Tapjoy is a mobile advertising and monetization platform that allows end users to select personalized advertisements that they can engage with in exchange for rewards. Tapjoy is available on over one billion devices to users all over the world. Riak has been the cornerstone of their data management strategy for the past year.
Tapjoy’s global growth required the company to consider scalability. Their original infrastructure was built on SimpleDB; however, with billions of requests coming in on an average day, they started to experience performance issues due to latency, as well as limits on the size and location of data being stored. With their growth straining their data store, they wanted to find a new solution that would guarantee performance and uptime, even with peak traffic.
“Tapjoy can’t have downtime ever, planned or unplanned,” stated Wes Jossey, Systems Engineer at Tapjoy. “If Tapjoy goes down, end users can’t interact with our platform and they leave, which is unacceptable to us and to our partners.” Due to Tapjoy’s high requirements for availability, scalability, and data redundancy, there were really only a few players in the space to choose from.
The Tapjoy team found that DynamoDB didn’t have all of the features they needed (especially Secondary Indexes, at that time); HBase wasn’t the right fit for their use case; and Cassandra was deemed too operationally intensive for their small team, based on information provided by third parties who had been using Cassandra in production for years. With Riak, the Tapjoy team estimates that they have been able to keep costs down, decrease engineering complexity, and reduce operational effort due to its ease of use and general stability.
With Riak, Tapjoy is able to meet its high availability mandate, and achieve its stringent low-latency requirements with requests as quick as 750 microseconds (due to the real-time aspects of their platform). Tapjoy stores 48TB of data in Riak and operates hundreds of thousands of reads and writes per second against their clusters.
Their current clusters are replicated between multiple data-centers, to allow for failover in the event of unexpected downtime in one of their main facilities. Tapjoy opted to become Riak Enterprise customers not only to facilitate this replication requirement, but also because of the excellent customer support the Basho team is able to provide. “We rarely have issues with Riak, so I don’t get paged,” said Jossey. “Riak is a critical piece of our business, and it’s a huge relief that it just works.”
Tapjoy leverages many open source tools and cloud-based technologies to achieve the team’s “Get stuff done” philosophy. Their stack includes:
- Ruby on Rails, Java, Objective-C
- Amazon Web Services
- Chef, IronFan, Sensu, RabbitMQ
- Riak, MySQL, Couchbase, PostgreSQL, Zookeeper
- Hadoop, HBase, Vertica
June 10, 2013
The Red Hat Summit will be taking place this week in Boston from June 11-14. This conference focuses on open source technology that showcases the latest and greatest in cloud computing, platform, virtualization, middleware, storage, and systems management technologies.
On June 12th at 6pm, Weston Jossey will be presenting, “Taming the Leviathan: Using Riak to Harden Your Data Infrastructure”, at the Partner Theater. Weston Jossey is a software engineer at Tapjoy, a leading mobile advertising company. Jossey has led the initiative to move terabytes of high volume data into Riak from a relational system. His talk will discuss why he chose Riak and his experiences migrating this data.
Basho is also a proud sponsor of Red Hat Summit. If you are interested in learning more (or just want a free t-shirt), you can visit us at Booth #206 to discuss all things Riak.
We hope to see you in Boston!
February 7, 2013
Basho and our community have a handful of events lined up for February 13th. We have official meetups/group hacks in at least seven cities in the US.
We hope to see you next week. If you can’t attend an official Meetup, throw a Riak hack or drink up in your city and email firstname.lastname@example.org to tell us about it.
Thanks for being a part of Riak.
- Speaker: Weston Jossey, Software Engineer, Tapjoy
- Talk Title: Huge Data Migrations to Riak Made Easy(er)
- Details and RSVP
- Speaker: Sean Cribbs, Software Engineer, Basho Technologies
- Talk Title: The Deep Riak
- Details and RSVP
New York City
- Speaker: Aaron Brown, Lead Systems Engineer, ideel
- Talk Title: Riak at ideel
- Details and RSVP
- Speaker: Adron Hall and You
- Talk Title: Riak Hack & Brew
- Details and RSVP
- Speaker: Robert Zuber, Co-Founder, Copious
- Talk Title: Riak in a Multi-Datastore Strategy at Copious
- Details and RSVP
- Speaker 1: Pavan Venkatesh, Technical Evangelist, Basho Technologies
- Talk Title 1: From Relational to Riak
- Speaker 2: Sajith Kizhakkiniyil, Software Infrastructure and Backend Architecture Support, Apollo Group
- Talk Title 2: Riak at Apollo
- Details and RSVP
- Speaker: Adron Hall and You
- Talk Title: Nerd Lunch and The Start of Seattle Riak
- Details and RSVP