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Boston-based Cloudant Gets Strategic Investment from In-Q-Tel

10/02/2012

Cloudant, a Boston-based developer of web and mobile applications, announced on Tuesday it has signed a custom development and strategic investment agreement with In-Q-Tel (IQT), an organization funded by U.S. government intelligence agencies.

Cloudant said its agreement with IQT will promote the use of the company’s cloud database technology within the U.S. government to build applications that collect, store, analyze and distribute data. Founded in 2008 by a group of physicists at MIT, Cloudant is also backed financially by Avalon Ventures, and Y Combinator.

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