MongoDB Raises $150M in Financing

MongoDB, a NYC and and Palo Alto, CA-based MongoDB database company, raised $150m in financing.

The round was led by T. Rowe Price Associates, Inc., with participation from new investors Altimeter Capital and and existing investors Intel Capital, New Enterprise Associates, Red Hat and Sequoia Capital.

The company, which has raised more than $231m in total funding, will use the capital to further invest in the core MongoDB project and in MongoDB Management Service, a suite of tools and services to operate MongoDB at scale, as well as to extend its efforts in supporting its user base throughout the world.

Founded in 2007 and led by Max Schireson, CEO, MongoDB is a NoSQL database company designed to allow organizations to be more agile and scalable. Common use cases include operational and analytical big data, content management and delivery, mobile and social infrastructure, user data management and data hub. The company, which has EMEA headquarters in Dublin and offices in North America, Europe and the Asia Pacific region and 320 employees worldwide, counts on a global open source community with over 5 million downloads, 100,000 online education registrations, 20,000 user group members and 20,000 MongoDB Days attendees.



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