Cockroach Labs announces $55M Series C to battle industry giants –
Summary
Cockroach Labs, makers of CockroachDB, sits in a tough position in the database market. The round was led by Altimeter Capital and Tiger Global along with existing investor GV. Spencer Kimball, co-founder and CEO, says the company is building a modern database to compete with these industry giants. It’s also distributed potentially across the planet in order to give a global customer base what feels like a local experience to keep the data near them,” Kimball explained. They both believed bigger players were taking advantage of the open-source nature of their products to undermine their markets.
Funding
Amount
$55.0M
Total raised
Date
August 6, 2019
Announcement date
Investors
Altimeter Capital, FirstMark, Work-Bench, GV, Tiger Global Management, Benchmark
Lead investors
Company
http://www.cockroachlabs.com/
Funded company
Classifications
industries
No industries detected
applications
ERP & Process Management
AskAI Classifications
Labels
Database Software
Distributed SQL
Cloud Database
Linked Companies
CockroachDB
$1M to $5M