​MongoDB seals extra $80m funding as version 2.8 GA looms

A fresh funding round for MongoDB is designed to enable the open-source document database company to speed up its expansion worldwide.
Written by Toby Wolpe, Contributor

A newly-announced $80m funding injection marks a busy few months for NoSQL database firm MongoDB, following its recent acquisition of the WiredTiger storage engine and the imminent general availability of its 2.8 release.

The $80m additional funding, led by an unnamed sovereign wealth fund, with Goldman Sachs and existing investors Altimeter Capital, NEA, Sequoia, and T Rowe Price Associates, takes the total raised by MongoDB to $311m.

"The market has reached a tipping point where most developers and IT organisations realise that modern applications cannot continue to be built on relational database technologies," MongoDB president and CEO Dev Ittycheria said in a statement.

"These additional funds mean we can further accelerate the delivery of world-class DBMS technology while scaling the business to meet the needs of our users and customers globally."

According to MongoDB, its technology is used by over 2,000 companies, including 34 of the Fortune 100. It describes its database as the fastest-growing in the world, with more than nine million downloads, while its partner ecosystem counts 750 formal members.

In the latest DB-Engines Ranking of databases by popularity, MongoDB stands in fifth place, the highest placed NoSQL product, behind Oracle, MySQL, Microsoft SQL Server, and PostgreSQL.

Last month, MongoDB announced it had acquired the firm behind the WiredTiger storage engine and that WiredTiger co-founders Keith Bostic and Michael Cahill, together with their colleagues, would move across to the open-source document database company. Bostic and Cahill developed the popular Berkeley DB open-source library, now owned by Oracle.

WiredTiger, which is being offered with the MongoDB 2.8 release candidate, is described as a modern, high-performance, high-throughput storage engine. Providing the engine proves a success, it will become the default in MongoDB 3.0, probably due in the third quarter of 2015.

General availability for version 2.8 is expected in the next month. In November, MongoDB CTO and co-founder Eliot Horowitz named January for a possible launch.

Version 2.8 also features the on-premise version of the MongoDB Management Service cloud automation tools, launched in October.

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