MongoDB, a leading database company serving a multitude of large and medium organizations across many sectors, has secured an additional $80 million in funding from Goldman Sachs and from existing investors Altimeter Capital, NEA, Sequoia and funds managed by T. Rowe Price Associates. With the latest funds, MongoDB has attracted a total of $311 million from investors.
According to MongoDB, the company now boasts more than 2,000 customers and 9 million downloads, making it the world's fastest growing database. In recognition of MongoDB’s leadership position, more than 750 companies have formally joined its partner ecosystem, including Amazon Web Services, CapGemini, CGI, Cloudera, Cognizant, EMC, Google, HCL, Hortonworks, IBM, Infusion, MapR Technologies, Microsoft, Pentaho, Pure Storage, Rackspace and Red Hat. The company also boasts AT&T and some big names in the technology space, including Adobe, ADP, Amazon, Bosch Software Innovations, Buzzfeed, Cisco, Craigslist, Dropbox, eBay, eHarmony, Expedia, Foursquare, Facebook’s Parse and Forbes.
In the past months, MongoDB saw some changes in its senior leadership team with Dev Ittycheria being appointed as the President and Chief Executive Officer of the company and very recently, technology industry veteran Carlos Delatorre joining the company as chief revenue officer to drive further growth.
Dev Ittycheria, President and CEO of MongoDB
The market has reached a tipping point where most developers and IT organizations realize that modern applications cannot continue to be built on relational database technologies. They are shifting to MongoDB in a big way. MongoDB was designed to make it easy to develop applications that require rapid change, massive scale, always-on operation, and support for a large variety of unstructured and semi-structured data, all at significantly lower costs. Our investors, who represent some of the smartest and most successful technology investors in the industry, understand this major secular trend. These additional funds mean we can further accelerate the delivery of world-class DBMS technology while scaling the business to meet the needs of our users and customers globally
Harry Weller, general partner, NEA
MongoDB has created a compelling and rapidly growing business by re-imagining an outdated way to manage data and build apps – the relational database,” said . “MongoDB’s easy-to-develop-on database technology is transforming the way applications are built, enabling businesses to have a competitive advantage. This financing highlights the appeal of MongoDB’s clear leadership in terms of product, revenues, customers, users and partners, as well as the trajectory of its growth.
