Fresh money for NoSQL specialists
Couchbase, the company formed earlier this year through the merger of the NoSQL specialists CouchOne and Membase, has raised another round of funding to the tune of $14 million. The main investor is the venture capital company Ignition Partners, together with further funding from Couchbase's existing investors, Accel Partners, Mayfield Fund and North Bridge Venture Partners.
The company intends to use the new financing to improve the marketing of its products in order to develop its market share in corporate databases and expand internationally. It also intends to improve the available documentation and user support through the organisation of training and community events. The company's flagship product Couchbase Server 2, which combines the technologies of the CouchDB server and MemBase Server, creating document-oriented database that combines in one server MemBase's distributed key-value store and the MemCached distributed cache.
- "NoSQL Leader Couchbase Announces $14 Million Series C Funding", press release from Couchbase.