10gen scales up with $42m Series E funding round

Funding Rounds

Summary

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. 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. 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 info. As we reported right at the start of this month, work on drivers for languages and environments such as Python and Node.js is making 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. 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.

$ Funding

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Amount $42.0M Total raised
Date May 29, 2012 Announcement date
Investors Union Square Ventures, New Enterprise Associates, Flybridge Capital Partners Lead investors
Company http://www.mongodb.com Funded company

Classifications

industries
Fintech & Banking
applications
Web and Content Management

AskAI Classifications

Labels
Database Software Cloud Infrastructure Software Developer Tools

Linked Companies

MongoDB, Inc.
$1M to $5M