Sofa so good

Couchbase raises the stakes with $60m of funding

Lucy Carey
sofa

With the maturation of NoSQL, investors are increasingly turning away from the old school enterprise database providers.

 

It’s not just the city of
London
quietly rawing up plans to topple Oracle. Investors have
raised the stakes against Ellison’s juggernaut a little further
with a
$60m
cash drop for the providers of the open
source NoSQL database Couchbase and ultra-light JSON based
Couchbase Lite.

This latest round was led by big money investors
WestSummit and Accel Growth Fund. As it stands, the
Couchbase now
have  $115 Million stashed between their cushions. Previous
venture capital investors also participated in this round of
financing. According to CEO Bob Wiederhold, the big data sorters
are now worth a modest

one billion dollars
.

While NoSQL remains by far and away the minority
data option, this substantial cash injection is tangible evidence
of its increasing importance, as enterprises wake up to the
importance of scalability and performance for ever more demanding
business critical and mission critical applications.

It also demonstrates that the international big
data market in 2014 is segueing into two halves: operational data
management, led by NoSQL vendors, and analytical data processing,
ruled by Hadoop vendors. Between these two, operational is seeing a
more sharp growth trajectory, due to rising uptake of the tech in
the business world.

According to Wiederhold, it’s this sector that’s
really going to drive the NoSQL explosion in the next three to five
years. In an interview this spring, he told JAXenter that the
transition from traditional DBMS was inevitable once enterprises
and big internet companies deemed NoSQL mature enough to be
deployed across their most critical and strategic apps.

Last year, current NoSQL big cheese MongoDB
clocked up a record breaking funding round of

$150m
, making it not only the first NoSQL
celebrity, but the most valuable startup down Silicon
Alley.

Whilst Oracle and Microsoft ruled the old school
with software like MySQL, these headline making flows of cash into
the NoSQL world are rapidly nudging the old order out of place. By
the end of the decade, spending around this tech is expected to
jump to around $3.4 billion per annum – over triple current
investment.

Although Oracle tried to fight the tide with the
release of the Oracle NoSQL database in 2011, the world’s number
two software supremo continues to lag behind agile upstarts Mongo
and Co in this market. It was claimed in May that the San
Franciscan behemoth is in the process of creating a

NoSQL
standards body
 -
to widespread howls of
indignation – however to date we’ve not seen any concrete plans
emerge.

At any rate, Couchbase don’t seem too bothered,
and with the IDC predicting the market for these young guns to jump
to around $5.1 billion in 2018, as Wiederhold says, “the market is
absolutely big enough” for everyone to swim in the data
pool.


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