Red Hat and Intel invest in 10gen’s NoSQL, MongoDB
After May’s $42m funding round, 10gen pick up further investment from two big players. Does this seal MongoDB’s enterprise relevance?
MongoDB’s rise to NoSQL
prominence shows no signs of abating, with new enterprise backing
from Red Hat and Intel Capital, the company’s investment
10gen, the brains behind the document-oriented database, announced yesterday that a “strategic investment” from the two companies would be used to “further invest in product development for MongoDB and to better support its rapidly growing community and user base worldwide.”
No financial information was disclosed in the investment round, although TechCrunch estimate it to be around $7.6 and GigaOM quote 10gen CEO Dwight Merriman as saying it was “smaller than the last round” in May, where $42m was raised.
This isn’t the first time that Red Hat have dabbled with MongoDB, with collaboration between the two companies to add MongoDB to OpenShift in 2011. Back in April, Red Hat further extended the olive branch by revealing details of deploying MongoDB in Red Hat Enterprise Linux and JBoss Middleware solutions, renewing their commitment to the NoSQL database.
However, this is Intel’s first foray into the world of non-relational databases, suggesting that MongoDB is mature enough to pique the interest of those previously unwilling to dip their toe into the water.
Lisa Lambert, Vice President of Intel Capital, said of the investment: “The NoSQL marketplace has gone through a huge transformation from a community driven market to running production systems for some of the world’s largest infrastructures. With its agile, scalable technology, 10gen is uniquely positioned to take advantage of growing enterprise demand for a high performance data store.”
With an impressive client list featuring the likes of Disney, Forbes and MTV, 10gen continues to enjoy investment interest, which should filter down into the development of the document store and its expanding list of use cases.