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Apple has acquired Database tech startup, Foundation DB

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Apple has reportedly acquired Foundation DB, a startup offering unique, fast and effiecient  NoSQL databases, TechCrunch reported.

FoundationDB came into the spotight, due to its innovative data storage technology that frees engineers and companies to focus on problems other than building their data stack.The startup has developed a database technology that combines the advantages of modern NoSQL databases with the power and reliability of ACID transactions.

While there has been no official confirmation from either Apple’s end or FoundationDB’s end, but a note on FoundationDB’s website hints towards an acquisition. It says that the company will no longer be offering any downloads and that the company has decided to “evolve the company mission”.

Analysts and experts suggest that Apple has acquired the company to probably strengthen its server-side back-end for iTunes, App store and other software related consumer services.

And then there is Apple’s video streaming service which is rumoured to come later this year. The company will most likely employ FoundationDB’s tech to bolster the infrastructural side of things of its new service.

In a response to a TechCrunch query, Apple issued this statement,

Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans

FoundationDB had raised $22.7 million in two rounds from SV Angel, Sutter Hill and CrunchFund.

Editor-at-large and co-founder at The Tech Portal. He is a tech enthusiast with interests in new-age technology fields like Ai, Machine Learning, AR/VR, Outer Space and related stuff. Drop him a mail anytime, very reachable.

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