MongoDB creator 10gen raises $42 million in funding round
10gen, the company behind MongoDB, has raised a further $42 million (£26 million) from several investors led by New Enterprise Associates, bringing their total funding to date to $73 million (£46 million). The company has said that it will use some of the money from this latest funding round to invest in product development for the NoSQL database engine and to improve its support offerings.
The company does not disclose its revenues publicly, but its team has expanded to over 130 employees spread across offices in four locations in the US and Europe. Customers using MongoDB include Disney, Viacom, MTV, Telefónica, Foursquare, and several governments. According to 10gen President Max Schireson, the company's "business is fantastic".
MongoDB is an AGPLv3-licensed, document-oriented NoSQL database system that stores data in a JSON-inspired format; it has been developed by 10gen since before its first public release in 2009. The software is available to download for Windows, Mac OS X, Linux and Solaris. The latest stable release of the software is MongoDB 2.0.5, which was released at the beginning of this month.
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