10gen scales up with $42m Series E funding round
10gen, the company responsible for MongoDB, has just announced the closure of a $42m Series E funding round led by New Enterprise Associates
10gen, the company responsible for the popular NoSQL database
MongoDB, has just announced the
closure of a $42m Series E funding round led by New Enterprise
Associates. The round was filled out by existing investors Union
Square Ventures, Sequoia Capital and Flybridge Capital
It’s the company’s biggest haul yet and comes on top of $31.4m
raised over the past five years. As one Hacker News
user points out,
“R&D for a single DB surely can’t be that expensive”, so a lot
of the cash will probably be spent on ‘scaling up’ the team to cope
with rising demand, while investing in the company’s customer
service and support functions.
Readers in the PHP community will know that Derick Rethans of
Xdebug fame was recently taken on full time
to work on MongoDB’s PHP driver. According to the press release
announcing the funding, “[n]umerous positions are open in 10gen’s
offices around the world including California, Dublin, London, New
York and Sydney” — head over to the company’s careers page for more
And it’s not only 10gen that’s hiring. A recent blog
post from RedMonk’s James Governor shows just how fast the
overall job market for developers with MongoDB skills is growing —
a keyword search on Indeed.com reveals that the database is
mentioned more often in job adverts than all three of its main
competitors, Redis, Cassandra and CouchDB.
As we reported right at the start of this month, work on drivers
for languages and environments such as Python and Node.js
steady progress – hopefully this cash injection will
propel MongoDB into the enterprise big-time and put paid to
the web scale
jokes once and for all.
Here’s CEO Dwight Merriman’s prepared statement:
We want to change the database market, to make MongoDB the best
way for companies to build new applications. Our goal is to give
tech teams not only a database that scales to any big data level
required but also helps developers be productive and more nimble.
That has been the vision of the MongoDB open source community and
we want to continue to help make that happen.