Riak is a scalable, high-availability distributed key-value store modeled on Amazon's Dynamo, offering features such as eventually consistent storage and multiple client libraries, but lacking schema enforcement and complex querying. Compared to Cassandra, Riak boasts simpler node management and commercial support from its developers, while Cassandra provides built-in query language support and a larger community. Both databases share similarities in high availability and scalability, but differ in features and usage complexity.