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Tuesday, July 21, 2009

Stealthy startup Akiba grabs $6.5M in funding

By Rodney H. Brown

Nascent data virtualization startup Akiba Technologies Inc. has taken in $6.5 million in funding, according to federal documents.

The Boston-based company listed 10 investors in its filing with the U.S. Securities and Exchange Commission but did not disclose the names. Listed as sitting on the board of directors of Akiba, however, is Michael Skok of North Bridge Venture Partners in Waltham and Steve Vassallo of Foundation Capital in California.

The company, founded earlier this year, lists Web 2.0 veteran David McFarlane as CEO. McFarlane is a parallel executive, serving also as COO of Burlington-based Nexaweb Technologies Inc. and president of consultancy TCH Services, according to his LinkedIn profile.

Prior to joining Nexaweb in April of 2006, McFarlane served as COO of Waltham-based IMLogic Inc., an instant messaging security company that was acquired by Symantec Corp. earlier that year.

According to Akiba’s various job postings, the company has a patent-pending technology it calls Akiba Orthogonal Architecture, which makes running complex databases across network nodes or even in the cloud as seamless as though it were running on a local server.

 

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