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In-Q-Tel-backed Cloudant receives investment from Samsung Ventures

Samsung Ventures, the venture capital arm of Korean electronics giant Samsung, has made an investment of undisclosed amount in Cloudant, a Boston-based provider of database services. Founded in Cambridge by three MIT physicists, Cloudant offers data distribution, mobile replication and synchronization, and expert monitoring services. The company manages and serves mobile and web app data for thousands of developers and hundreds of corporate customers. Beside Samsung, other investors in Cloudant include Avalon Ventures, In-Q-Tel, and Y Combinator.

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