MongoDB develops next-generation open-source database technology. The company has recently been sharpening its focus on financials and hired Carlos Delatorre as Chief Revenue Officer. According to a regulatory filing, MongoDB has closed $79.99 million so far in an equity offering with a total size of $100 million. The first sale in the offering was made on December 10, 2014, and the company confirmed the roughly $80 million raise. MongoDB previously raised $150 million in an October 2013 Series E that reportedly valued the company at $1.2 billion. The funding is positioned to help MongoDB compete against established database giants such as Oracle. MongoDB offers a document-based NoSQL database that stores data in JSON-compatible structures and is widely used by developers for mobile and web apps. The project is distributed and runs on commodity servers; it has amassed more than 5 million downloads and is a high-demand skill on job sites. The company faces criticism around scaling and gaps in orchestration tools, which it is addressing through a new managed services offering to operate the database at scale. MongoDB has forged partnerships such as IBM naming it its NoSQL database of choice and counts customers including Craigslist, MetLife and Salesforce. The company is headquartered in Palo Alto and New York, with regional headquarters in Dublin and Singapore and additional offices in Atlanta, Barcelona, London, Sydney and Washington D.C. It employs more than 320 people worldwide. 10gen sponsors MongoDB, a popular open-source NoSQL database aimed at handling unstructured and large-scale data. The company is positioning MongoDB as a prominent NoSQL option for cloud infrastructures and enterprise deployments. 10gen has explored PaaS ambitions historically and is partnering with platform and server vendors to optimize deployments. The Series E investment announced will be used for product development and worldwide community development. 10gen has reported roughly 3 million downloads, most on Intel x86 servers, indicating growing adoption. The company is collaborating with Intel on hardware optimization (including SSD and parallel processing considerations) and with Red Hat on integration with OpenShift, JBoss and Red Hat Enterprise Linux. 10gen is the sponsor company behind the open-source NoSQL database MongoDB. The company announced an undisclosed investment from In-Q-Tel, the nonprofit venture firm that invests in technologies for the U.S. intelligence community. Prior to the In-Q-Tel investment the company had raised $73.4 million total and was last seen raising a $42 million round led by New Enterprise Associates. The size of the In-Q-Tel investment was undisclosed, though typical In-Q-Tel investments are rumored at $1–3 million. In-Q-Tel provides portfolio companies with "problem sets" from intelligence agencies and has invested in other big-data related companies such as Cloudera and Platfora. The article notes In-Q-Tel's notable exit of Keyhole, which sold to Google and became Google Earth. 10gen develops MongoDB, an open-source NoSQL database available under the GNU Affero General Public License. The company also builds the MongoDB Monitoring Service and focuses on providing paid support, training and consulting to customers. It plans to use the new financing to invest in product development for MongoDB and the Monitoring Service and to better support its growing community and user base worldwide. 10gen reports sales growth of 50% quarter over quarter for the past five years and has grown its team to 130 employees since early 2011. Clients include startups such as Foursquare as well as customers in telecommunications, financial services and media. The company has offices in Palo Alto, New York City, Dublin and London.

Total raised

$310M

Funding rounds

8

Latest round

Equity

Latest activity

Jan 2015