Boston-based Cloudant and its NoSQL distributed Database-as-a-Service (DBaaS), which have gone to the VC trough four times since the company was started in 2008, have gotten what appears to be their first real money to grow on: a $12 million B round led by Devonshire Investors, the private equity arm of Fidelity Investments, which was joined by Rackspace, Samsung Ventures and Toba Capital, former Quest Software CEO Vinny Smith’s new venture fund.
The start-up, which says it’s targeting profitability in the first half of next year, recently got a secret amount of money from the CIA’s venture arm In-Q-Tel and Samsung and brought in a reported $4 million before that.